Deep dives into specific industry sectors.
Bombardier's CSeries aimed to challenge Boeing and Airbus. Costs exploded from $2B to $8B. A steep discount to Delta triggered Boeing's 300% tariff. In 2018, Bombardier sold the program to Airbus for $1, ending their commercial aviation dreams and retreating to business jets alone.
Read about Philz Coffee’s journey and how the mechanics of venture capital led many employees to buy into a dream only to watch it dissolve into nothing.
Sycamore Capital's private buyout of Walgreens shows how strategic missteps brought Walgreens low.
Hermès and LVMH are both luxury powerhouses with deep French roots going back to the 19th century. They have grown over the last 20 years, setting trends and influencing the industry’s direction. In this newsletter, I’ll explain what makes the difference.
