Evidence receipt / belief
Published · transcript-backedDavid Rosenthal: belief
21 Feb 2023 Acquired LVMH
“The two of them announce, without telling Arnault, and I think without telling Guinness, either, that they're going to break up LVMH.”
Source trail
Everything needed to verify it.
- Speaker
- David Rosenthal
- Attribution
- Verified speaker
- Claim type
- belief
- Recorded
- 21 Feb 2023
- Publisher
- Acquired
- Episode
- LVMH
Transcript context
…The enemy of my enemy is my friend. Exactly. They come together, and in December 1988, they initiate a very much like a last ditch effort to try and save their companies. This is crazy. In December 1988, remember, the merger that created LVMH happened only 18 months before. The two of them announce, without telling Arnault, and I think without telling Guinness, either, that they're going to break up LVMH. They're going to separate the two companies. They're going to essentially annul the marriage, it was doomed from the beginning. They're going to go back to being separate, publicly-traded companies. Literally, they are doing the corporate raider playbook of breaking up the companies to try and save their companies. "To try and save their control of their companies."…
Stored transcript either side of the excerpt. The highlighted words are the published quote; the surrounding text is unedited source, never generated.