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Bloomberg Businessweek
VW Latches Onto Rivian in $5 Billion EV Pact to Regain Momentum
Jun 26, 2024
01:00:40
Snipd AI
Bloomberg hosts discuss VW's $5B partnership with Rivian to rival Tesla in EV market. Carnival Corp CEO on earnings and cruise news. Businessweek cover story on LVMH's luxury empire. Brooklyn Navy Yard CEO on health industry hub. AI data centers strain global power systems.
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Quick takeaways
- Bernard Arnault strategically built a luxury empire through acquisitions and global expansion.
- Luxury brands tap into emerging markets like China and the Middle East for growth.
Deep dives
Bernard Arnault's Success Story and Strategic Acquisitions
Starting with a background in his family's manufacturing business, Bernard Arnault strategically transitioned towards real estate and then ventured into the luxury goods sector. By acquiring struggling companies like Christian Dior, Arnault embarked on an acquisition spree, building a massive empire of luxury brands.
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