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Let Them Eat Cake - (EPA:MC), page-4

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saintex

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08/11/23

22:47

Post #: 70796434
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Originally posted by saintex: ↑

2 interesting comparisons :
- Kering, which tried to copy LVMH, by creating another luxury group by acquisition,
- Hermes. Just 1 group, but focused on the most interesting part of the luxury market (leather, regular growth and high margin).
LVMH tried to acquire them (bought around 20 % if I remember well) but never succeeded as the family would not sell.

Look at the 5 year performance of the 3 stocks.
It tells quite a lot about the luxury sector :
- very difficult to copy LVMH and create another luxury group by acquisition,
- organic growth remains high on the most successful part of the luxury market.

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Regarding Hermes, I meant that they have just 1 brand, unlike LVMH and Kering.
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