Acquired
Hermès
Unnamed Speaker
And it used to exist in sort of a pre-war, early 20th century era, you could. But Hermes was the only one that sort of chose to keep doing things the old way and scale. And everyone else kind of went out of business or changed their methodology to scale. So, for example, Louis Vuitton has the branding, they have exclusivity, but the craftsmanship isn't there.
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