A reshuffle at LVMH appears to have tightened Bernard Arnault's family grip on the luxury powerhouse.
The biggest luxury brand in the world has announced a shake-up of its two major fashion labels, a move that has put the daughter of the world’s richest man in charge at one of them.
They noted how the senior Arnault has been increasing the family grip on LVMH — such as last year transforming family holding group Financiere Agache into a limited partnership. The luxury sector is one that investors should perhaps not ignore, said analysts at Baader Europe, in a note to clients that published Tuesday.
However, the luxury sector may “deserve a premium as well for being one of the few sectors which can afford to raise prices without that being called an entente as prices are an essential part of the dream component. Just as well, Luxury is not encumbered by truckloads of regulation as is the case with most big sectors,” said Baader analysts.
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