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Luxury brands change to focus on profit

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  • If there is one thing that has changed in luxury in the last 30 years, it is the single minded focus on profitability. In the old days, when luxury companies were privately held companies, owners cared about making a profit, but the primary objective in-house was to produce the finest products possible.

  • — Luxury brands change to focus on profit
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Quotes

“I see myself retired, sitting on a tropical beach, drinking margaritas in the sunshine.” That’s not a plan. That’s a travel poster. After eight margaritas, you’re fit only to await the hangover. After three weeks of margarita-filled days, if you have any sense, you’re bored stiff and self-disgusted. In a year, or less, you’re pathetic. It’s just not a sustainable approach to later life. Peterson, Jordan B.. 12 Rules for Life (p. 208). Random House of Canada. Kindle Edition. Peterson, Jordan B.. 12 Rules for Life (pp. 207-208). Random House of Canada. Kindle Edition.

—Real life vs. sitting on a beach
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