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๐ When it comes to luxury goods, the first name you probably think of is Louis Vuitton.
Last Thursday, their parent company, LVMH Group presented their fiscal results for 2023, demonstrating their continued strength in the luxury goods segment.
In 2023, LVMH achieved €86.2B in revenue, a 13% organic growth, with strong gains in all sectors except Wines & Spirits.
Overall financial health remained solid, reflected by a steady operating margin.
Notably, both the profit from recurring operations and net profit saw an 8% climb, reaching €22.8B and €15.2B respectively.
Despite economic challenges, CEO Bernard Arnault praised LVMH’s diverse, innovative strategies and their positive impact, and anticipates a promising 2024, including a partnership with the Paris Olympics.
Source: LVMH Group Quarterly Filings, Reuters
Last Thursday, their parent company, LVMH Group presented their fiscal results for 2023, demonstrating their continued strength in the luxury goods segment.
In 2023, LVMH achieved €86.2B in revenue, a 13% organic growth, with strong gains in all sectors except Wines & Spirits.
Overall financial health remained solid, reflected by a steady operating margin.
Notably, both the profit from recurring operations and net profit saw an 8% climb, reaching €22.8B and €15.2B respectively.
Despite economic challenges, CEO Bernard Arnault praised LVMH’s diverse, innovative strategies and their positive impact, and anticipates a promising 2024, including a partnership with the Paris Olympics.
Source: LVMH Group Quarterly Filings, Reuters
Fashion is one of the largest industries globally, accounting for 2% of the global gross domestic product (GDP) ๐
In this graphic, we use data from CompaniesMarketCap to showcase the world’s 12 largest publicly traded fashion companies, ranked by market capitalization as of Jan. 31, 2024.
European countries dominate the list of the biggest fashion companies, with six in total. The U.S. boasts four companies, while Japan and Canada each have one.
In this graphic, we use data from CompaniesMarketCap to showcase the world’s 12 largest publicly traded fashion companies, ranked by market capitalization as of Jan. 31, 2024.
European countries dominate the list of the biggest fashion companies, with six in total. The U.S. boasts four companies, while Japan and Canada each have one.
Most Valuable Luxury Brands.๐
The global luxury goods industry thrives on quality, craftsmanship, and exclusivity, encompassing various sectors such as fashion, cosmetics, and watches.
While the term 'luxury' isn't solely about quality, these goods are renowned for their superior materials and elevated prices, transforming everyday items into status symbols. Economic stability drives demand, with the United States leading the market.
LVMH reigns as the most valuable luxury brand, epitomizing French elegance and craftsmanship. As the industry diversifies into new markets, maintaining brand equity and customer relationships pose challenges.
Yet, this expansion promises a more mature market, where consumers become increasingly discerning. With each purchase, luxury aficionados embrace a lifestyle of sophistication and refinement, where every item tells a story of heritage and prestige.
The global luxury goods industry thrives on quality, craftsmanship, and exclusivity, encompassing various sectors such as fashion, cosmetics, and watches.
While the term 'luxury' isn't solely about quality, these goods are renowned for their superior materials and elevated prices, transforming everyday items into status symbols. Economic stability drives demand, with the United States leading the market.
LVMH reigns as the most valuable luxury brand, epitomizing French elegance and craftsmanship. As the industry diversifies into new markets, maintaining brand equity and customer relationships pose challenges.
Yet, this expansion promises a more mature market, where consumers become increasingly discerning. With each purchase, luxury aficionados embrace a lifestyle of sophistication and refinement, where every item tells a story of heritage and prestige.
LVMH Q3 2023 Highlights: Stellar growth across the board! ๐ Perfumes & Cosmetics up by 9%, ๐ Fashion & Leather Goods soaring with 9% growth, ⌚ Watches & Jewelry shining with a 3% increase, ๐พ Wines & Spirits seeing a dip but still holding strong, and ๐ Selective Retailing making a huge leap with 26% growth.
Other than index funds, the next best investment that almost like a “fund/ETF” will be this in the luxury sector.
LVMHF is by far my favourite luxury investment. Here’s why…
✅ Strong financial track records
✅ Low debt
✅ Healthy cash flow
✅ Non-tech with healthy growth
✅ Recession proof (proven during covid pandemic and past recessions)
✅Owning LVMHF equal to owning multi luxury brands such as Dior, Hennessey, Marc Jacobs, Bvlgari, Off-White and more…!
✅Function like an “ETF” with a basket of businesses
๐ฅFun fact: LVMH’s CEO, Bernard Arnault is the No. 1/2 richest man right now in the world!
LVMHF is by far my favourite luxury investment. Here’s why…
✅ Strong financial track records
✅ Low debt
✅ Healthy cash flow
✅ Non-tech with healthy growth
✅ Recession proof (proven during covid pandemic and past recessions)
✅Owning LVMHF equal to owning multi luxury brands such as Dior, Hennessey, Marc Jacobs, Bvlgari, Off-White and more…!
✅Function like an “ETF” with a basket of businesses
๐ฅFun fact: LVMH’s CEO, Bernard Arnault is the No. 1/2 richest man right now in the world!
Here are some general points about LVMH that might make it a good investment:
1. Strong brand recognition: LVMH is the world's largest luxury goods conglomerate with a portfolio of world-famous brands like Louis Vuitton, Dior, Fendi, and Bulgari.
2. Diversification: LVMH has a diverse portfolio of brands spanning various categories like fashion, beauty, watches, and jewelry, which helps mitigate risks associated with fluctuations in any one sector.
3. Growing demand in emerging markets: The rapidly growing middle class in emerging markets like China and India has been driving demand for luxury goods, which bodes well for LVMH's growth prospects.
4. Innovation: LVMH has been investing in innovation, for instance, by launching luxury e-commerce sites and adopting digital technologies in their manufacturing processes.
5. Strong financials: LVMH has a strong balance sheet with high liquidity and profitability ratios, indicating a well-managed and financially stable organization.
1. Strong brand recognition: LVMH is the world's largest luxury goods conglomerate with a portfolio of world-famous brands like Louis Vuitton, Dior, Fendi, and Bulgari.
2. Diversification: LVMH has a diverse portfolio of brands spanning various categories like fashion, beauty, watches, and jewelry, which helps mitigate risks associated with fluctuations in any one sector.
3. Growing demand in emerging markets: The rapidly growing middle class in emerging markets like China and India has been driving demand for luxury goods, which bodes well for LVMH's growth prospects.
4. Innovation: LVMH has been investing in innovation, for instance, by launching luxury e-commerce sites and adopting digital technologies in their manufacturing processes.
5. Strong financials: LVMH has a strong balance sheet with high liquidity and profitability ratios, indicating a well-managed and financially stable organization.
Largest European Stocks.๐
Seasoned investors know that the European stock market offers a diverse and dynamic investment landscape with ample opportunities for growth and profit.
From established blue-chip companies to emerging startups, this market offers access to some of the world's most innovative and successful firms across a wide range of sectors.
With the ongoing digital transformation and the rise of new technologies, such as AI and blockchain, the European market is poised for even greater growth and development in the years to come.
Whether you're looking to diversify your portfolio or take advantage of new market trends, the European stock market should be at the top of your list.
Seasoned investors know that the European stock market offers a diverse and dynamic investment landscape with ample opportunities for growth and profit.
From established blue-chip companies to emerging startups, this market offers access to some of the world's most innovative and successful firms across a wide range of sectors.
With the ongoing digital transformation and the rise of new technologies, such as AI and blockchain, the European market is poised for even greater growth and development in the years to come.
Whether you're looking to diversify your portfolio or take advantage of new market trends, the European stock market should be at the top of your list.
Most Valuable Companies.๐ฐ
Market capitalization refers to how much a company is worth as determined by the stock market. It is defined as the total market value of all outstanding shares.
To calculate a company's market cap, multiply the number of outstanding shares by the current market value of one share.
Market cap is often used to determine a company's size, then evaluate the company's financial performance to other companies of various sizes.
In investing, companies with larger market capitalization are often safer investments as they represent more established companies with generally longer history in business.
Market capitalization refers to how much a company is worth as determined by the stock market. It is defined as the total market value of all outstanding shares.
To calculate a company's market cap, multiply the number of outstanding shares by the current market value of one share.
Market cap is often used to determine a company's size, then evaluate the company's financial performance to other companies of various sizes.
In investing, companies with larger market capitalization are often safer investments as they represent more established companies with generally longer history in business.
$LVMH is one of my top 3 non-tech company in my list, and part of what I labelled as “boring companies”.
๐LVMH’s revenues at USD$54.9 billion for the first 9-months of 2022, up 28% compared to the same period of 2021. Organic revenue growth was 20%.
๐LVMH’s revenues at USD$54.9 billion for the first 9-months of 2022, up 28% compared to the same period of 2021. Organic revenue growth was 20%.
Sinec the beginning of the year LVMH has seen a drop of over 25%. This is, however, not in any way reflective of the company's actual core results, for 2021 or for 1Q22.
LVMH actually had a very strong start to 2022, despite a massively challenging macro. The company provided consensus-beating numbers, opening a good year of 2022. Revenue grew 23%.
Every single business line provided better-than-expected growth, except for the Wine & Spirit segment. This was due to timing issues on the world market, with a calendar shift for the Chinese New Year, as well as ongoing logistical and supply issues.
Top Richest Billionaires.๐ฐ
Bernard Arnault, co-founder, chair, and CEO of LVMH, is the richest person and the richest man in the world with a net worth of $179.1 billion.
Behind Arnault is co-founder and CEO of Tesla, Elon Musk.
Other billionaires with some of the largest net worths include India's Gautam Adani, Amazon founder Jeff Bezos, and Microsoft's Bill Gates.
Six of the top 10 billionaires made their fortunes in technology, with Arnault, Berkshire Hathaway's Warren Buffett, Adani Group founder Gautam Adani, and Reliance Industry's Mukesh Ambani being the exceptions.
Bernard Arnault, co-founder, chair, and CEO of LVMH, is the richest person and the richest man in the world with a net worth of $179.1 billion.
Behind Arnault is co-founder and CEO of Tesla, Elon Musk.
Other billionaires with some of the largest net worths include India's Gautam Adani, Amazon founder Jeff Bezos, and Microsoft's Bill Gates.
Six of the top 10 billionaires made their fortunes in technology, with Arnault, Berkshire Hathaway's Warren Buffett, Adani Group founder Gautam Adani, and Reliance Industry's Mukesh Ambani being the exceptions.
The largest EU company owns many premium brands. These include Christian Dior, Fendi, Givenchy, Marc Jacobs, Stella McCartney, Loewe, Loro Piana, Kenzo, Celine, Sephora, Princess Yachts, TAG Heuer, Bulgari, and Tiffany & Co.
Here is a current look at the worlds richest billionaires. Do you think it’s a good idea to invest in any of their companies,
๐That’s when Lipstick Effect kicks in. No matter how bad the economic is, there will always be people buying luxury products.
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