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":"c8024f0ba40c36be0586f020b2232665","s":"ac1275544243413d"}
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