Retail
October 26, 2020
Scale is paramount in luxury and, as a consequence, M&A should be well supported. Here is why. Image credit: Louis Vuitton
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","iv":"bfd9459b462d563bcc5feb71204eeb70","s":"8866da0aad3ed33d"}
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