LVMH buys luxury brands like Tiffany and Rimowa then 10x prices while cutting costs 10x
LVMH operates somewhat like a private equity corporate raider
They acquire companies to then 10x their prices while cutting their costs 10x to make a 100x return
They did so to Rimowa, Tiffany's, Loro Piana, Loewe, Sephora and many more companies
But then it's not luxury anymore, it's just selling cheap stuff for very high prices
It works for a little while but then customers and investors start noticing what you're doing and the game's up!
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