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How LVMH Built a Luxury Moat That Rivals Can't Copy
LVMH owns 75 luxury brands, but its moat isn't just the brands—it's the system. In this episode, Lucas and Luna dive into how Bernard Arnault built a decentralized conglomerate that combines artisan craft with industrial scale. They trace the arc from the 1987 merger of Louis Vuitton and Moët Hennessy through the 2019 Tiffany acquisition, explaining how LVMH's 'maison-first' structure lets brands retain creative independence while sharing supply chains, real estate, and retail talent. The hosts unpack a specific case: how Dior's leather-goods factory in Tuscany…
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