LVMH is such an amazing case. Not just finding the right acquisitions but being able to export luxury. What seems easy since luxury is something "everyone" wants, but I looked at luxury toilets in Japan, https://hiddenjapan.substack.com/p/japanese-idiosyncrasies-and-the-galapagos, and they have completely stayed as a Japanese only good
Correction to the article. Reducing cost of 7 metric tons to space from $17m (falcon 9) down to 100 metric tones from $2m (a 500%+ cost reduction).
LVMH is such an amazing case. Not just finding the right acquisitions but being able to export luxury. What seems easy since luxury is something "everyone" wants, but I looked at luxury toilets in Japan, https://hiddenjapan.substack.com/p/japanese-idiosyncrasies-and-the-galapagos, and they have completely stayed as a Japanese only good