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Can someone say "disconnected from reality"? They should have had 1 pound of gold flakes on top of each cookie...
by ijhuygft776 3y ago
Can someone say "disconnected from reality"?
They should have had 1 pound of gold flakes on top of each cookie...
- Kluggy 3y agoFor those who were wondering… They have 46,000[1] employees. Gold is $2018 per ounce [2]. 46000 * 2018 * 16 is $1,485,248,000. Online sources claim their gross revenue margin is in the upper 60%s[3], which means this is actually easily affordable to them with a lot of extra money left over. [1] https://www.forbes.com/companies/sephora/?sh=39917c697195 https://www.forbes.com/companies/sephora/?sh=39917c697195 [2] https://www.monex.com/gold-prices/ https://www.monex.com/gold-prices/ [3] https://www.retaildive.com/news/sephoras-innovation-gathering-speed-at-lvmh/528574/ https://www.retaildive.com/news/sephoras-innovation-gatherin...
- ijhuygft776 3y agothanks for doing the math. To tell you the truth, this made me realize that our situation is even worst then I thought. Did you even include all the years it took to get there? Ungrateful/greedy bastards.