当并购更多基于资本扩张逻辑而非产业协同逻辑时，退出往往取决于宏观环境，而不是企业自身经营能力。
Mini Pokémon Center
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“We planned to open a factory in India, but then there was a fallout there, and tariffs were imposed, so we had to cancel that idea,” says Smeaton.