Despite the higher share price, LVMH makes me genuinely happy as the stock is up over 25% in the last 6 weeks.
Are you investing in LVMH? For me, this is further proof that luxury goods will always have a clientele.
Despite the higher share price, LVMH makes me genuinely happy as the stock is up over 25% in the last 6 weeks.
Are you investing in LVMH? For me, this is further proof that luxury goods will always have a clientele.
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I totally agree with that statement. I've been buying stocks recently and I've just got that gain of just over 20% on them, which of course makes me happy :)
Lately I keep comparing LVMH to Hermès, where I've always been put off by the price. The more I know about the company, I'm starting to believe they deserve that huge premium. No wonder Bernard Arnault wanted to try to acquire them, because that company is a category unto itself.