A long Financial Times profile of Rimowa luggage, the brand that started me thinking about the Quality Brand Mittelstand. It's now owned by Bernard Arnault, the #1 alpha-dog brand investor on earth (more so than even you-know-who): https://www.ft.com/content/3583dbf6-e0d7-11e7-a0d4-0944c5f49e46 …
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you want a high quality item at a price that will be known to the recipient. A long history is correlated with both of these necessary & sufficient factors, but not causal. Ok, a long history is necessary for a recognizable brand, but doesn't ensure that its recognized as luxury.
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The following are heritage brands to my mind: Hershey, General Electric, DuPont. Despite their heritage, you would never give a Hershey bar as a gift, Edison's history is irrelevant to your light bulb purchase, and no cares that Dupont invented neoprene, if China is cheaper.
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