ted (not lasso)
@ted
thank me later 🫡 acquired.fm/episodes/lvmh “If you control your factories, you control your quality. If you control your distribution, you control your image.” ps @les and @slowcrypto, have you listened?
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@bias
What about those who aren’t impressed by LVMH?
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🌹 zach harris 🥀
@zachharris.eth
I’m 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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@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. I’d 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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🌹 zach harris 🥀
@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 heritage CLTV, is prob part of the agenda as well. I’ve never run a $434.75 billion market cap company, have you?
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@bias
I have not, and I kinda see that market cap as a perversion and truly wouldn’t ever want to get to that place with anything I might run. You could argue that smells like a monopoly of sorts, even if it’s a “cultural” monopoly. I think such things deserve to be obliterated: decentralize cultural monopolies.
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