The world’s biggest luxury conglomerate LVMH continues to deliver for investors despite lockdown woes, with a large debt owed to the moat created by the group’s “virtually impossible to replicate” brand heritage.
This offers the group a strong ability to control pricing, according to Ben Peters, co-portfolio manager of TB Evenlode Global Income, who explained the variety of brands means an investment in LVMH "has the added benefit of diversifying the portfolio even within the consumer goods sector itself". Rory Campbell-Lamerton, co-manager of Esk Global Equity, highlighted the same benefit of the luxury giant: "There is not an aspect of decadence, extravagance and super luxury that LVMH does not have a stake in." Stock Spotlight: Games Workshop still a good play Historic brands also create...
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