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":"78c8a89170259bfe7895aa7fbda56f10","s":"a3508a3fdb12e5b7"}
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