As of the close of the last fiscal year, Richemont earned roughly 13,000,000,000 Euros (in revenues) from all businesses in its corporate portfolio, which is depicted below. Please note that the revenue amount that was earned by a particular business is indicated in parentheses along with the corresponding contribution to the overall corporate portfolio.

Given the corporate portfolio depicted (attached below), please: (1) Determine the level of diversification that is evident in Richemont's corporate portfolio; (2) Determine whether Richemont appears to use operational or corporate relatedness. (3) If any, what is the primary source of synergy in the Richemont portfolio? (4) Has Richemont achieved an optimal level of corporate diversification? Why? Why not?