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3 ordspråk av Concepción Moreno

Concepción Moreno

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For luxury products, we should see a good Christmas period.

The sales force there all drive gray cars because it is the cheapest color. The chief executive and the chief financial officer share the same desk; paper and phone calls are rationed. Cost-cutting is a way of life, not a one-off activity.

These companies have a nice exposure to emerging markets. This is also an industry with very inelastic demand. The pricing power is strong.

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