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SGAM_Vortrag_Lasnier de Lavette - FONDS professionell

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Why is luxury a core investment?4 - Strong barriers to entry 1/3[ Luxury & Lifestyle Strategy ] In terms of image…It goes through a long process - which can take several years - to build a strongbrand image known worldwi<strong>de</strong>.Inception date of a choice of brands – Data: Merrill Lynch Luxury Goods Team estimatesJanuary 08Société Générale Asset Management12

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