Scale is paramount in luxury and, as a consequence, M&A should be well supported. Here is why. Image credit: Louis Vuitton Luxury’s shark tank: Be patient and M&A will thrive again eventually
Posted Bya Luxury Daily columnistOn In Featured,Industry sectors,Retail | No Comments
Scale is paramount in luxury and, as a consequence, M&A should be well supported. Here is why. Image credit: Louis Vuitton {"ct":"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","iv":"5f6d978630b421cc38b81e795150aba2","s":"e68b553454784e2c"}