Acquired
Hermès
Unnamed Speaker
I mean, even software developers churn at 15 to 20 percent per year, and that's just the voluntary numbers. This is much better than software engineers who get paid hundreds of thousands of dollars to have a very cushy job. So finally, let's go real apples to apples. Let's compare this to LVMH. Well, LVMH's total turnover in 2022 was 24% versus Hermes' 6%.
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