The 10 largest public U.S. firms that are either clothing retailers or department stores will have $38 billion of revenue wiped out this year, or 23% of their collective 2019 sales.
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It has also transformed the way we brag about what we bought.
LVMH is apparently looking to add a new bauble to its collection of luxury industry jewels. It might want to remember that, in jewelry as in corporate acquisitions, the patient shopper often gets a better deal. Bloomberg News reported Saturday that LVMH Moet Hennessy Louis ...