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In the days since I returned from Paris Fashion Week, virtually all my calls and conversations have centered on LVMH, from potential designer changes to speculative M&A moves to executive shuffle tea-leaf reading. Most of the conjecture is utter nonsense, of course, and yet the totality of it underscores how the industry has been incorrectly, and predictably, focused on superficial amusements (i.e., the designer speculation and innuendo) rather than the structural changes behind it all.
