The value of intellectual promiscuity in the age of large M&As

The value of intellectual promiscuity in the age of large M&As

It took the testimonies of Chanel and LVMH to explain a value implied in the dynamics of industrial concentration. Public opinion fears that large M&As, especially when operated by foreign players, are a subtraction of expertise: a player takes the savoir faire of an autonomous or artisanal entity and, so to speak, privatises it. Things…

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