Buy custom LVMH: Diversification strategy into luxury goods
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| Topic: |
Business
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| Number of pages / Number of words: |
6 / 1488 |
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Although they experienced a growth in sales in this area, they were only ranked #7 in the industry, giving them something to work to improve.
With their other business acquisitions, LVMH was able to pick up print publications, newsletters, a radio network, an advertising company, press agency, and Internet sites...
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The e-luxury website offered fifty plus of the world's most exclusive brands. The website was a huge success; it is believed that the only reason LVMH experienced operating losses were due to development and expansion costs.
Speaking in a corporate sense, much of LVMH's growth was due to new business acquisitions...
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