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Luxury industry: Investing in high fashion or high return?
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What happened? LVMH, the French luxury conglomerate, announced an impressive 18% growth in sales for their fashion and leather goods busines Show More
What happened?
LVMH, the French luxury conglomerate, announced an impressive 18% growth in sales for their fashion and leather goods business in Q1 2023. This surge in growth has been primarily attributed to the rebound of the Chinese market, where the demand for luxury goods has been steadily increasing.

Why is it important?
Over the past five years, there have been notable changes in the prices of Louis Vuitton bags and its stock price. In 2022, Louis Vuitton increased the prices of some of its popular bags by up to 38%. In terms of the stock price, Louis Vuitton has experienced significant fluctuations. In 2018, the stock price was at its lowest at $287.55; in 2023, it rose to $950.2. The stock price experienced a significant increase of approximately 230% between 2018 and 2023, translating to an average annual growth rate of roughly 31.5%. Despite the fluctuations, Louis Vuitton bags continue to remain highly sought-after.

What about you?
Are there any particular luxury brands or companies that you are keeping an eye on as an investor?
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