Very good article. The way Hermes manage its ultra high end handbag is perfect. LVMH has 3.5x more free cash flow than Hermes so I suspect than in 1-3 years LVMH will have overtaken Hermes in terms of market cap once some of the business facing headwinds, cognac, mid-range luxury, fashion will be ok.
Very good article. The way Hermes manage its ultra high end handbag is perfect. LVMH has 3.5x more free cash flow than Hermes so I suspect than in 1-3 years LVMH will have overtaken Hermes in terms of market cap once some of the business facing headwinds, cognac, mid-range luxury, fashion will be ok.
Very good article. The way Hermes manage its ultra high end handbag is perfect. LVMH has 3.5x more free cash flow than Hermes so I suspect than in 1-3 years LVMH will have overtaken Hermes in terms of market cap once some of the business facing headwinds, cognac, mid-range luxury, fashion will be ok.
Unless LVMH changes something, it may continue to lose desirability, both by consumers and investors. Thanks for reading my article!