Idea #3 of 7 – a 41% decline over five years, shrinking earnings, and the long road to a full lost decade
I wonder if Chinese competition is getting a structural issue for LVMH too. China isn’t dislosed separately, but Asia ex Japan accounts for 26 percent, of which China is the biggest part. Local brands are getting much stronger.
I wonder if Chinese competition is getting a structural issue for LVMH too. China isn’t dislosed separately, but Asia ex Japan accounts for 26 percent, of which China is the biggest part. Local brands are getting much stronger.