Originally Posted by
sapguy
I could care less how well or badly LMVH is doing, but they keep increasing the prices for their products! I suppose there are too many suckers out there
Here are some actual facts on how LVMH is doing with its business:
Excellent first half for LVMH, July 2023
“[color=#4c4c4c]Bernard Arnault, Chairman and CEO of LVMH, said: “LVMH achieved outstanding results during a six-month period of ongoing economic and geopolitical uncertainty.”
”Loro Piana, Rimowa, Marc Jacobs and Berluti enjoyed an excellent start to the year.”
Hmmm, is LMVH sucking wind?
The greater than 20% drop the stock has hit since releasing those numbers tell a different story.
https://webcache.googleusercontent.c...&ct=clnk&gl=us might be more informative than their own PR.