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Why LVMH is closing Venice's Fondaco dei Tedeschi

Published on 21.11.2024 at 06:00 GMT Reading time 3 min

The Fondaco dei Tedeschi department store in Venice had been struggling for years, surviving only thanks to repeated cash injections from LVMH retail arm DFS and an aggressive discounting policy.

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Italy
Why LVMH is closing Venice's Fondaco dei Tedeschi