For the past 2 years, most investors have staked their bottom dollar on $Tesla Motors(TSLA)$ owner - mr elon musk - World riches man.
The time has come to past. He has been displaced permanently from the pole position.
The newly crowned World Richest magnate is Mr Bernard Arnault, Chairman of $LVMH-Moet Hennessy Louis Vuitton(LVMUY)$ - World largest luxury conglomerate.
This Business empire knows no boundaries. Just to name a few of the group's well diversified businesses :
- Moet & Chandon (spirit)
- Hennessy (spirit)
- Louis Vuitton (fashion)
- Dior (fashion)
- Hublot (watches)
- TAG Heur (watches)
- Bulgari (fine jewelry)
- Tiffany (fine jewelry)
- Rimova (lifestyle)
- Sephora (lifestyle)
- Charles & Keith (fashion) - Yes. They are a partial owner of C&W.
There are 65 more businesses that is not cover here !
If we were to draw similarities between Mr Arnault & mr musk, both have a diverse group of businesses.
Mr musk businesses included SpaceX, Neuralink, The Boring Company and of course the crown jewel - Twitter.
But that's where the similarities end.
Not all of mr musk ventures are money spinning except for Tesla & SpaceX.
What is there not to like about LVMH as a Luxury Business ?
- Its historical earnings speaks for itself; except for year 2020 when the widespread pandemic resulted in lockdowns and borders closure (see below historical earnings).
- Just take a look at its Q3 2022 earnings (see below).
- Its hitting the roof with an unprecendent +28% YoY growth at 56.5 billion Euros (US$54.9 billion) for the first 9 months of 2022.
- LVMH's ability to adjust prices of its Luxury fashion & goods annually or bi-annually. and for as high as +12% (for selected leather bags) is simply unbelievable.
- Despite the price hikes across all its fashion brands, demand remains as strong as ever !
- Media & Fashion portals never fail to alert fans all over the world in advance and there will be a stampede by fashion fanatics, rushing out to buy their dream-bags before the price hike.
With impending recession in 2023, LVMH will be affected no ?
- Based on report, it is anticipated that the Luxury sector is expected to see further growth & expansion in 2023; despite economic turbulence.
- This would definitely be music to the ears of shareholders no ?
What else is there to know about LVMH ?
- Mr Arnault is without a doubt a visionarian.
- He was able to grow his company, one by one until where it is today.
- Along the way, he sharp business acumen & great leadership style has served him well in getting the right person for the right job and helped him build his vast empire.
- This is the quality that divides & differentiates Mr Arnault from mr musk.
- As he turns 73 years old, he is once again in motion and adjusting his succession plan.
- With his 5 children, he has successfully positioned them at strategic companies (see below).
After all that has been said, are you interested in investing in luxury LVMH ? Share your thoughts in the Comments section ok. Thanks.
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Matching song ? Material Girl by Madonna. welcome to the 80s. Dunno the song ? YouTube it.
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How quickly loyalities change!
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