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Some people follow the trend; Real fashionists expect them. Investors should have problems considering luxurious Behemoth and Beluther LVMH. Louis On Tuesday, the first-three-third sales of sales fell by 7 percent. However, the statistics that have been reported still do not reflect much to soften in the US market.
The main problem today is China. Customers there have made their purse strings stronger, which has hit sales in the country, and Chinese citizens have a tendency to snap the trinkets in a wide area on their travels. In the first three months of 2021, LVMH’s income in Asia was reduced by 5 percent, excluding Japan. Sales in Japan decreased by 5 percent – an intense retrograde compared to last year’s growth.
According to UBS, it is weak news for a sector that depends on about 30 percent sales demand. It also goes a bit further towards explaining the 5 percent decline in the main fashion and leather product category of LVMH, which includes brands like diarrhea. Pierce Diazio, Parnode Ricard and Rommy Centraau have reduced the sale of less than ten percent of the total income in Omen’s total income by 9 percent.
Although these are news of the last season. And it doesn’t take Anna Winto to see where the next trend is coming from: the United States.
LVMH said the fashion and leather product brands were well captured despite the tariff concerns. The problem is not so much that the products will become more expensive – luxury home customers can deal with it. However, LVMH produces 45 percent of products already sold in the United States; There may be opportunities to increase further.
The problem is that the rich people do not spread even when their stock portfolios crash. The opposite was visible late last year: US luxury buyers came out in the drove as Trump’s bump stock market launched evaluation.
Some companies can make the dark weather better than others. Jewelry, as a category, is being proven as a relative outformer, even within the LVMHH, which can flow to the rival Richmont. In fact, as highly, dramatically rich, they are cushion from greater illness. This helps to explain why the LVMH market capitalization has exceeded the super-premium handbag paidbag this week, though later not produced in the United States.
For all its dependence on short -term flavors, luxury is also a long -term business. The market value of LVMH is still 3 times higher than what was still a decade ago. Rich people rarely go out of style. And, in fact, the founder and CEO, Bernard Arnultt, was a shareholder of his company’s shareholder, bringing his family partners to only 50 percent. It is true that, from financially, the next two Ashons you can land with a Thood.
