Yes, but the questions remain. A luxury goods business is primarily a shopping experience based business. experience, taste, see, feel stuff. And I don't care how bright these guys are an asset is worth what someone is willing to pay for it and the value of an asset is what it will generate in income over its life - that I don't see..especially as this appears not to be a new distribution model.Do you remember Webvan - No? Well neither does the market and they were going to take over tesco's and even Walmart - and that was an internet based grocery delivery business - not a luxury goods firm...Its a humbug buy.
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