So interesting! While I agree with some other comments that Sotheby’s essentially operates an easily copy-able and inefficient middle-man business, I’m still saddened that this powerhouse’s business model in under attack. There is something to be said for the name and its process in making one feel a sense of extravagance when dropping millions on art. That said I think Sotheby’s has no choice but to adapt or risk becoming irrelevant. The name and experience they provide will probably buy them some time – but not a lot.
Great read. I agree with you on the impacts of shifting FX on British retailers but worth noting that there are other issues to consider too: tariffs for example (if the UK moves toward a harder Brexit, I expect to see high tariffs being placed on imports). This will hit all retailers, including Tesco hard – whether this will lead them to increase prices to customers or squeeze suppliers is yet to be seen.
Recent events across the globe show us it’s almost impossible to predict how hard or soft the Brexit agreement will end up; the best thing Tesco can do is to band together with other retailers and lobby, lobby lobby!!!
I wish them luck.
Great read. I agree with you and hope that Ford doesn’t make too many decisions based on a short term term view since administrations are fluid and they are not in a position to make useful guesses on the future political climate. That said I think they should probably do what they can to mitigate risk by building plants that can be readily switched for another use.
What a great read Mr President! I’m glad Nespresso has taken its responsibilities to climate change seriously. Something that strikes me is that many of their initiatives are similar to those of Starbucks; I wonder if these coffee power houses could come together to collaborate on solutions and promote their good work. Hopefully this will accelerate change and make headway in bringing the rest of the industry up to speed.
Super interesting! Whenever I’ve thought about climate change, fashion has never entered my head. Some quick googling has quickly made me realize how wrong I’ve been; fashion is the 2nd largest polluting industry globally! I agree with your worries about the difficulties they’ll face as they begin to seriously scale. Something they might consider as they take this journey is to emulate brands like Primark who have a number of sustainability initiatives currently: