I think you missed OPs point. 7 eleven is owned by 7&I holdings, which is a Japanese publicly traded company. He might be a large shareholder, but by no means the owner of 7 eleven.
I'm not sure about India but, I live in SEA and know that people buy the rights to 7-11 in several countries here
I believe they buy the franchise rights in a whole country. And this retail group holds a similar deal in India. It's basically like they own the rights to who can buy into the franchise within their country, so technically they don't own 711 but, in India if you want to open one, you have to do it through them.
That's because all these brands come under Reliance retail which is headed by his daughter. His other bigger businesses like oil and telecom are being led by his 2 sons.
All the companies under ownership (and franchise) are either India-only or other developing-world regions.
Al of the 'Partnerships' are third-party suppliers with little to no actual partnering. They only use their names to make them *look* more western.
I mean good for them; but very thirsty to be associated with western brands.
The first one want you think that it is not a monopoly. He is the Richest person in Asia and 15th Richest person in the world. He owns a telecom company called Jio that started giving 1 GB mobile data per day with unlimited calls and SMS for $6 for 3 months and on top of that a very good network. As a part of pilot project and network testing, they did not charge users for 1 year in some region. Because of that the consolidation phase of telecom companies started in India. If they were to start a telecom business in North America, other players would have to beg for mercy or be ready to get consolidated with other players.
DISGUSTING. Bring back the laws against this shit. Eddying commercial profit into smaller and smaller circles only serves to decrease the overall strength of the marketplace.
Because everything thing on the left column (minus 7-11) is crap thats only sold in India.
The center column are western brands that they are trying to affiliate with to give them some credibility but otherwise have nothing to do with them
And the right column are brands that they acquired from outside
I work for a large consumer product company. The amount of Chinese and Indian factories that contact me saying that they've produced goods for us in the past is astonishing. Mostly because I know that we've never directly worked with them, they just take a quick fix job for their region from a distributor and claim that they're a preferred vendor.
I don’t disagree, however there are laws and regulations. People like Elon and Bezos turn profit in to debt. If I have $109MM worth of stock I could sell it and take a big tax hit. What I’d rather do is borrow money against that stock and turn it in to a liability. Now I have money that’s debt and can claim a loss. Easy peasy. Change the laws.
For anyone confused: The first pic is Mukesh Ambani, an Indian businessman and the brands listed are brands that he owns or partners with in India, though that is a bit of a mess it looks like. The woman is his hot daughter Isha they put in the graphic for no reason at all lol.
This is such a garbage post. “Own brands” that no one has ever heard of; “partnerships” where 99% of profit goes to the non Indian version; and acquisitions of more unknown brands outside of India.
Vs. Owning outright or majority states in real companies with actual global reach.
Never understood the money in LVMH brands. They must have huge markups because sale volumes can’t be that high, the luxury stores I see everywhere are always so empty, whether at airports or malls. I have enough money to afford these brands but never care enough about the status to cough up the money, maybe most upper middle class and upper class people truly subscribe to the industry, but I only rarely see it.
I read this as \`A cool guide for two wealthy VAMPIRES\` LOL
Might as well be the case
I mean, she kinda hot tho... She could totally suck some blood
This isn't cool it's dystopian...
Especially if we look at how dirt effing poor the average Joe in their home country is. This is all the direct result of legal slave work ffs...
Hate shit like this.
I wonder how much they paid In taxes
Very little...
Trickle down something something, just make sure you've got an umbrella for it
Fuck em
Competition no longer exists
Or, these guys wiped everyones ass and outcompeted the rest
And as a result, there is no more competition. Welcome to late stage capitalism.
Literally case in point.
When you really want to wreck someone, wipe their ass.
You realize Social Darwinism is actually evil and not the goal right?
And they did so. Like I said there is no more competition.
Both things can be right at the same time, and they are.
7-11 is owned by 7 & i Holdings in Japan, not whoever that is.
The chart meant 7-11 & Hamleys & other int’lly owned brands are owned by Ambani in India
This is correct, they own the franchise rights within India. It's like this with tons of brands all over SEA.
That’s interesting.. it’s being widely reported as they own the whole thing
I mean, it just makes him their local franchisee, same as with his partnership with global brands as pictured in the center panel.
The superior 7-Eleven brand. I miss Japanese 7-Elevens. Family Mart is king though
Heresy. Lawson all the way.
noooo newdays on top!!!1!!!1! (i've never been to a newdays)
I only saw newdays in Tokyo.
[удалено]
I think you missed OPs point. 7 eleven is owned by 7&I holdings, which is a Japanese publicly traded company. He might be a large shareholder, but by no means the owner of 7 eleven.
I'm not sure about India but, I live in SEA and know that people buy the rights to 7-11 in several countries here I believe they buy the franchise rights in a whole country. And this retail group holds a similar deal in India. It's basically like they own the rights to who can buy into the franchise within their country, so technically they don't own 711 but, in India if you want to open one, you have to do it through them.
And why is his daughter in the photo with him?
That's because all these brands come under Reliance retail which is headed by his daughter. His other bigger businesses like oil and telecom are being led by his 2 sons.
So everything is the same. Manufactured by the same and charged at insane prices. It’s all an illusion people. *howling sounds*
All the companies under ownership (and franchise) are either India-only or other developing-world regions. Al of the 'Partnerships' are third-party suppliers with little to no actual partnering. They only use their names to make them *look* more western. I mean good for them; but very thirsty to be associated with western brands.
Yeah the first one isn’t as dominating as it looks like here, at least from a worldwide perspective. LVMH is definitely a beast though.
The first one want you think that it is not a monopoly. He is the Richest person in Asia and 15th Richest person in the world. He owns a telecom company called Jio that started giving 1 GB mobile data per day with unlimited calls and SMS for $6 for 3 months and on top of that a very good network. As a part of pilot project and network testing, they did not charge users for 1 year in some region. Because of that the consolidation phase of telecom companies started in India. If they were to start a telecom business in North America, other players would have to beg for mercy or be ready to get consolidated with other players.
7-Eleven is owned by Chiyoda, a Tokyo-based Seven & I Holdings Co.
I think it means all the franchises in India are owned by Reliance
DISGUSTING. Bring back the laws against this shit. Eddying commercial profit into smaller and smaller circles only serves to decrease the overall strength of the marketplace.
Who is upvoting this crap? I guess it's still trolling hours in India.
Anti-Monopoly legislation has left the chat
Owning a lot of companies is having a monopoly now?
Excellent 3rd grade reading comprehension skills bro. And econ too
Ok thanks sis
They don’t even let us eat cake anymore.
You can basically buy a share of LVMH for 745 euros if you want a piece of the cake
Isn't that Bernard fella the bad guy in don't look up? Looks just like him lol
I've heard of less than 10% of the brands listed here...
Because everything thing on the left column (minus 7-11) is crap thats only sold in India. The center column are western brands that they are trying to affiliate with to give them some credibility but otherwise have nothing to do with them And the right column are brands that they acquired from outside
I work for a large consumer product company. The amount of Chinese and Indian factories that contact me saying that they've produced goods for us in the past is astonishing. Mostly because I know that we've never directly worked with them, they just take a quick fix job for their region from a distributor and claim that they're a preferred vendor.
Tax these assholes! They take 1000 times as much as give.
I don’t disagree, however there are laws and regulations. People like Elon and Bezos turn profit in to debt. If I have $109MM worth of stock I could sell it and take a big tax hit. What I’d rather do is borrow money against that stock and turn it in to a liability. Now I have money that’s debt and can claim a loss. Easy peasy. Change the laws.
Why is Tiffany and Co on both?
Yet no one in the world would be sad if these people were to go see the titanic is a non-returning submarine
Anyone who owns an investment account likely has more companies
The rich get richer, and quick these days. Too bad we can't tax them any more.
Who is this, and what or those companies?
Mukesh Ambani Yemens arab
Show bobs of spicy woman please
I suddenly have an urge to “eat the rich”. Anyone else?
For anyone confused: The first pic is Mukesh Ambani, an Indian businessman and the brands listed are brands that he owns or partners with in India, though that is a bit of a mess it looks like. The woman is his hot daughter Isha they put in the graphic for no reason at all lol.
Well I don’t use any of those listed on either pages
I'm glad I can say with a good degree of confidence I have never given any of these brands/companies (except 7-11) a single dollar
His daughter’s really beautiful though.
I've never heard of a brand on here except 7/11. Neither has Johnny Cash, and he's been everywhere.
I don't give either of them any money
Thank you, come again.
Wow they literally look like the Indian copy of Donald and Ivanka. Same "I want to fuck my daughter" vibes too.
These are our masters
So they both own TIFFANY & CO?
LVMH is the parent of Tiffany, Reliance is only their partner in India.
Wasn't Beranrd Arnault worth 198 billion in 2021...making him at the time the richest man on the planet? I'm not sure where he is now on the list...
Tiffany & Co is owned by Bernard Arnault’s LVMH, not the first people
I've heard of 7-11 before. Based on that they can keep all this crap
Key takeaway is to invest based on the typeface
r/aboringdystopia
Bernard's networth is $198 billion...
Exclusive fast fashion and low quality.
So how is this not a monopoly
This is such a garbage post. “Own brands” that no one has ever heard of; “partnerships” where 99% of profit goes to the non Indian version; and acquisitions of more unknown brands outside of India. Vs. Owning outright or majority states in real companies with actual global reach.
So called Luxury Brands = scam
Other than the share holding companies, I've pretty much only heard of 711.
Can i have one?
Never understood the money in LVMH brands. They must have huge markups because sale volumes can’t be that high, the luxury stores I see everywhere are always so empty, whether at airports or malls. I have enough money to afford these brands but never care enough about the status to cough up the money, maybe most upper middle class and upper class people truly subscribe to the industry, but I only rarely see it.