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Conglomerates often experience a diversification discount. LVMH is already the largest luxury conglomerate in the world, more than double the size of the following two

Conglomerates often experience a diversification discount. LVMH is already the largest luxury conglomerate in the world, more than double the size of the following two conglomerates combined (Kering and Richemond). Do you think LVMH will experience a diversification discount? Is there a limit to conglomerate size? Or is bigger always better

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