ted (not lasso)
@ted
thank me later π«‘ acquired.fm/episodes/lvmh βIf you control your factories, you control your quality. If you control your distribution, you control your image.β ps @les and @slowcrypto, have you listened?
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πΏ ππππ
@bias
What about those who arenβt impressed by LVMH?
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πΉ zach harris π₯
@zachharris.eth
Iβm more impressed by the fact they had the balls to hire Virgil Ablogh and Pharrell as their first ever black creative directors. Their Fly, Sail, Travel New York show from a few years ago was pretty impressive too. But generational wealth is the greatest unlock to the war-chest required for vertical integration.
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πΏ ππππ
@bias
If you look at pre-existing worldly trends surrounding those hires the decision to hire starts to look exactly like: pandering to stay relevant. Iβd have been impressed had they hired any of those humans before years of unrest and injustice had pushed those cultural trends into the public eye.
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πΉ zach harris π₯
@zachharris.eth
Sure, I suspect part of it is hopping on the cultural trend bandwagon. But future proofing their sales addressable market and expanding it to a new unduplicated audience that is more liquid, than their heritageοΏΌ CLTV, is prob part of the agenda as well. Iβve never run a $434.75 billion market cap company, have you?
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