The integration of the luxury value chain
From Prada to LVMH, fashion brands are increasing their investments in suppliers, benefiting both sides. Many brands acquire tanneries and textile manufacturers. They acquire smaller, often family-run Italian luxury producers, putting them under the umbrella of the group, but with shared management and operational resources. Suppliers in turn are involved in the structure of the larger group, with entrepreneurs remaining to manage their own companies. Vogue Business assesses how difficult and expensive this integration can be. [Luxury brands are snapping up suppliers - Vogue Business]
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