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And you think a company scales to this size without any internal (or visible) innovation?
by raverbashing 4y ago
And you think a company scales to this size without any internal (or visible) innovation?
- boeingUH60 4y agoReally innovative to sell bags with LV plastered all over the place and those fancy champagnes.
- raverbashing 4y agoYes and the bags magically appear at stores, they don't need a supply chain, a manufacturing facility, a logistics supplier, a design office, etc Innovation is not only the latest js platform or the latest tiktok clone launched
- speed_spread 4y agoI believe those luxury brands inflated market value is mostly the result of sophisticated money laundering operations by European organized crime. Once you detach an object's value from it's utility and production costs, there's no limit to how much profit you can claim from it. That's a very nice feature if you're looking to reintroduce dirty money into the system.
- raverbashing 4y agoInteresting assumption, note the US is its biggest market (scroll down) https://www.lvmh.com/investors/profile/financial-indicators/#activite https://www.lvmh.com/investors/profile/financial-indicators/...