Any recession in Europe would result in lower sales for LVMH from the middle class, but those who are rich enough to really afford a $3,000 handbag will still buy it. However, I think the market ...
Within two years, purchases of luxury handbags are projected to decrease by 13.69 percent. This figure, revealed by a recent ...
Hermès’s market cap is currently €228 billion, while LVMH’s is €331 billion. But analysts expect the Birkin bag maker to leapfrog Bernard Arnault’s luxury conglomerate by 2027.
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