What is Lawrence Stroll's known business tactic?
Taking struggling luxury brands public
Buying bankrupt tech companies
Investing in real estate
Franchising hotel chains
Answer
Taking struggling luxury brands public is Lawrence Stroll's known business tactic. He identifies undervalued luxury brands with growth potential, acquires them, and then implements a turnaround strategy that focuses on cost-cutting, operational efficiency, and brand rejuvenation. His aim is to reposition these brands in the luxury market, boosting their profitability and value, before potentially selling them for a significant profit.
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