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).
Ah thanks for flagging David. Is there a link I could also add? I was looking for one
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
Love this! Thanks for sharing Leon.