Could anyone in the forum who has invested in the business help me understand the moat of this businness?.After hearing the concalls I could understand that company sells goods in the premium segment and they want to become a house of brands, but currently are in the business of selling backpacks and luggages.How can the company constantly grow its revenue because I feel this is a kind of seasonal business and people wont be buying new luggages each time they go out and also good quality bags last long so it is not even a repetitive business.
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