LVMH Just Became Europe’s First $500 Billion Company

[Grand Style]

Booming sales of luxury goods in China and a stronger euro have pushed the brand to new heights.

LVMH Just Became Europe’s First $500 Billion Company

Booming sales of luxury goods in China and strengthening euro factor into the company’s new milestone, alongside lucrative share prices.

robbreport.com

 

[BleuSaphir]

I thought China consumer spending would be down from their economic woes.

 

[BULL]

A few years ago most stores I've visited felt like classic luxury boutiques. A few customers here and there, you could just walk in, and someone was ready to attend.
Now I feel that even if all those stores would be 3x the size, even that wouldn't be enough. The demand is unbelievable.

 

[Grand Style]

A few years ago most stores I've visited felt like classic luxury boutiques. A few customers here and there, you could just walk in, and someone was ready to attend.
Now I feel that even if all those stores would be 3x the size, even that wouldn't be enough. The demand is unbelievable.

What Country if you don't mind me asking?

 

[BULL]

Vienna, Budapest, München mostly. Those stores I'm most familiar with.
I remember when the Vienna location was just a small store on the Kohlmarkt, now even that multi-storey building is not enough. Huge lines and lots and lots of tourists. They nailed the recipe.

 

[Grand Style]

Vienna, Budapest, München mostly. Those stores I'm most familiar with.
I remember when the Vienna location was just a small store on the Kohlmarkt, now even that multi-storey building is not enough. Huge lines and lots and lots of tourists. They nailed the recipe.

Would love to visit Budapest someday.

 

[Grand Style]

 

[glitzgal97]

interesting...here in california multiple SAs have told me sales are SOOOOO slow. Even mother's day was incredibly slow, they were shocked. Chanel SAs have told me the same.

 

[LVtingting]

interesting...here in california multiple SAs have told me sales are SOOOOO slow. Even mother's day was incredibly slow, they were shocked. Chanel SAs have told me the same.

What part of the California if you don’t mind to share with us?

 

[glitzgal97]

What part of the California if you don’t mind to share with us?

LA!

 

[23adeline]

I thought China consumer spending would be down from their economic woes.

Their buying power is still very strong , that’s why LV always have China Exclusive items for them. And the LV prices in China are higher then many other countries.