🎁LV Raises Prices Again, Are Luxury Bags a Good Investment?
LV prices have risen again and the chairman of the $LVMH-Moet Hennessy Louis Vuitton(LVMHF)$ $LVMH-Moet Hennessy Louis Vuitton(LVMUY)$ group has become the richest man in the world. Can buying luxury bags really be used as financial management?
From a regional perspective, the Asian market is still LVMH’s largest consumer market.
On February 19, it was reported that Louis Vuitton had raised the prices of some products in the Chinese market on that day, with an average increase of 6%.
The reporter checked the official website of Louis Vuitton China and found that the prices of some products were increased to varying degrees. For many popular products, the increase is around 1,000 yuan and averages 5%.
Regarding the reason for the price increase, a spokesperson from LVMH said that it was due to the increase in manufacturing and transportation costs.
According to the 2023 performance report released by LVMH, the group achieved sales of 86.2 billion euros in the reporting period, an increase of 9% year-on-year; net profit was 15.2 billion euros, an increase of 8%. Both turnover and net profit reached new highs in 2022.
And the latest data from the Forbes Billionaires in Real Time ranking on February 19, the wealth of LVMH Group Chairman and CEO Bernard Arnault and his family reached wealth reached $221.1 billion . This makes him the world's richest worlds richest man in the world and his net worth surpasses that of second-placed Elon Musk ($205.2 billion) and third-placed Jeff Bezos ($190.7 billion).
On January 1, 2024, Hermès completed the price increase for all products.
Chanel will increase its prices in September 2023.
Chanel vs. Hermes – Which One Is Better? - Luxe Front
Questions for Tigers
Can buying bags be used as financial management?
How to properly consider luxury as “financial management”
Where is the investment value of luxury goods mainly reflected?
Is the wear and maintenance of luxury goods complicated?
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$LVMH-Moet Hennessy Louis Vuitton(LVMHF)$
$LVMH-Moet Hennessy Louis Vuitton(LVMUY)$
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