Description: How do you turn an ancient, labor-intensive prestige brand into a money machine? That’s the challenge facing French telecommunications mogul Patrick Drahi, who on Thursday won approval from shareholders of Sotheby’s to take the 275-year-old auction house private in a transaction worth $3.7 billion.
Date: Sep 06, 2019
Questions for discussion:
- Summarize and evaluate the challenges facing the company and what management plans to do.
- What else would you advise?