Every other day I hear that LVMH takes over another luxury goods company. LVMH seems to be hated because they ‘corporate’-ify traditional companies.
The latest heat is LVMH buying part of Hermes, with feared designs on the rest.
I don’t understand it. Why is this LVMH so big? How is it buying up so many companies? Why is it so successful? Why can’t a very successful Hermes company fight off buy offs?
I dont get it.