3 ms·
Yeah NO ONE has ever made money selling luxury consumer goods, ever. /s
by inscionent 8y ago
Yeah NO ONE has ever made money selling luxury consumer goods, ever. /s
- umeshunni 8y agoNot enough to warrant a near-trillion dollar market cap.
- threeseed 8y agoLMVH made about $50 billion in revenue last year. Not great. But okay for a tiny market like luxury consumer goods. Probably should look at shutting up shop at some point.
- sonnyblarney 8y agoIt's a good point but most luxury goods are beyond $300 T-shirts. And when they are, it's because of the brand and everything else going on with the brand.