Moët

“since the #Paris #Olympics finished in August, more than 100 athletes, including six Australians, have complained to the International Olympic Committee (IOC) that the bling they received in Paris is #disintegrating. What makes the crumbling #medals all the more embarrassing for the French is that they were designed by a brand owned by #LVMH #Moët #Hennessy #LouisVuitton, the company owned by France’s richest family.”

Veni, vidi, vici.

Defects didn’t occur for first, second or third participant. Their medals were of the highest calibre. The rest of competitors get a sub-standard reminder of their participation. Some call this ‘enshitification’. A better term would be Capitalism.

#IOC / #enshitificatiom / #capitalism

How Bernard Arnault, the world's richest man, is expanding his empire.

The billionaire CEO of the Louis Vuitton Moët-Hennessy group is treated like a head of state. He has become the controversial embodiment of the inversion of the balance of power between politics and business.

'LVMH, a state within the state, part one of two.

https://www.lemonde.fr/en/politics/article/2023/08/07/how-bernard-arnault-the-world-s-richest-man-is-expanding-his-empire_6083553_5.html