(1) FOXCONN OR FENDI?Foxconn, a Taiwanese contract electronics manufacturer, rang up $179 billion in sales last year by a relentless focus on cutting costs and creating huge volumes of non-sexy stuff to sell to other companies. Fendi, on the other hand, is an ultra-luxury brand that hand-makes bespoke apparel, shoes, timepieces and fragrances, selling deliberately to the billionaire class. Part of the $63 billion LVMH Group, which owns other luxe brands such as Louis Vuitton and Bulgari, Fendi...
Published on July 11, 2021 09:00