Fashion

Fashion overtakes food on European stock markets

LVMH’s market capitalisation reached 271 billion euros ($328 billion) in midday trading, putting it ahead of Nestle’s 265 billion.LVMH is comprised of the leather goods maker Louis Vuitton and champagne and spirits group Moet-Hennessy, but it also owns brands such as Kenzo, Guerlain, Fendi, Celine, Chaumet, Sephora and Bulgari.คำพูดจาก สล็อตเว็บตรง

Its most recent high-profile acquisition is the US jeweller Tiffany.LVMH shares were pummelled in February and March 2020 when the coronavirus pandemic hit, but by early November they had bounced back, and finished the year with a gain of almost 24 percent at 510.90 euros.Since January 1 they have risen by almost five percent more.Regis Begue, senior trader at Lazard Freres Gestion, told AFP that once it became clear Asia would weather the Covid-19 outbreak better than other parts of the world, luxury stocks went on a tear.Luxury groups with a strong presence there enjoyed “an exceptional market ride,” Begue said.Another trader, Arnaud Cadart at Flornoy, told AFP that LVMH’s rise to the top of the market capitalisations “is a kind of consecration” for the company.The group registered 34 percent of its sales in Asia last year, compared with 24 percent in the United States, and has managed to boost online sales as visits to its various shops declined.”LVMH products are also ones you treat yourself to. And a large amount of savings was accumulated by wealthier groups that were somewhat spared by the crisis,” Cadart said.”A Vuitton bag or Christian Dior outfit is something that could replace the trip or restaurant you could not do in 2020,” he remarked. 
คำพูดจาก สล็อตเว็บตรง

Related Posts

Can plastic bags be sustainable- Fashion for Good aims to find out

The organization, together with several major brands including Adidas, C&A, Kering, Otto Group and PVH Corp, has launched ‘The Circular Polybag Pilot,’ which aims to “close the loop”…

Céline to open second atelier in Tuscany

The brand, created in 1945 by Céline Vipiana and now helmed by creative director Phoebe Philo, will double the number of its production entities in the Italian region…

Amazon publishes French taxes after accusations of underpayment

France has been at the forefront of efforts to tighten taxation of multinational digital giants and parliament infuriated the administration of US President Donald Trump in July by…

Bangladesh garment factory blast raises fresh concerns over workers’ safety

“Nine people were killed in the blast and one died in hospital,” fire service official Palash Chandra Modak said.The firm supplies knitted apparel to clients in Sweden, Denmark,…

‘Respectable’ festive sales expected in UK, fashion to benefit says Mintel

Not that it could ignore Black Friday altogether and it said that last year, 39% of consumers bought something during the Black Friday promotions (with almost half of…

No Christmas cheer for fashion firms in never-ending sales

This has left investors worried whether recent profit warnings, which have spread to online players such as British online store ASOS from bricks-and-mortar retailers, may be a taste…