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.

Source: Fortune.com

Date: Sep 06, 2019

Link: https://fortune.com/2019/09/06/sothebys-sale-drahi/

Questions for discussion:

• Summarize and evaluate the challenges facing the company and what management plans to do.
• What else would you advise?