I am sure it’ll be great for watch-lovers. All that internal competition to spend the most on advertising! The savings achieved by standardising on just one basic movement across all brands! And the fun squeezing Swatch Group till we can buy it and at las...
Could it be one of the reasons why PP is rumored (??) to have reduced the nb of Tifany's allowed boutiques in the US ? They would be directly selling to some of their competitors somehow.
And that ultimately is bad for us consumers. Quality is reduced, pricing is less competitive, and homogenization or the commoditization of product usually occurs. The safe bet is to look for vintage, neo-vintage, and independents for the good stuff.
I usually find that consumers (in terms of service) and employees (in terms of jobs) wind up on the short end of the stick with every acquisition after acquisition after acquisition. Question to the experts who follow the consequences of acquisitions: How...
I was involved in half-dozen deals of this sort, at a lower level. Sometimes this is bad for all, but I think most of the time consolidation does force some of the more "relaxed" employees in each organization to show their worth or be shown the door. The...
just like Hermès. IMO, today's LVMH Is all about marketing and advertising and none about product quality. Please don't ruin the good maisons like VCA and Cartier.
Branded goods used to have discount openly, but with the consolidation and scarcity tactic that everyone learned from Hermes, it only meant more moolah for consumers to part away with.