The luxury market has been fuelled by a variety of global factors including a reopening of China’s economy, an increase in luxury demand in suburban areas in the United States and the strength of the online shopping experience.
Luxury good stocks tend to cover companies that tend to operate under the consumer discretionary stock sector category. This category includes stocks that provide products and goods that people don’t necessarily need to have but instead want to have.
While most of the luxury brand stocks are focused on clothing brands, it also covers other industries such as jewellery and watches, cars.
When choosing stocks for your investing portfolio it is important to remember that investments will go up and down in value. As most of these companies are consumer discretionary stocks, the share price will be influenced by the global economy. Be sure to exercise good risk management when building a portfolio of shares.
I bought LVMH belt for new year gift. I also like $LVMH-Moet Hennessy Louis Vuitton(LVMHF)$ because it is a great long-term investment. LVMH is one of the world’s most recognised luxury stocks. It is home to 75 luxury houses across six different sectors which include wines and spirits, fashion and leather goods, perfumes and cosmetics, watches and jewellery, selective retailing and other activities.
Some of LVMH’s most recognised brands include Moet & Chandon, Hennessy, Veuve Clicquot, Tiffany, Tag Heuer, Hublot, Sephora, Loro Piana, Fendi, Celine, Givenchy, Louis Vuitton and many others.
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