The Decline of Luxury Goods Market: Implications for LVMH and Other Brands
Big profits at luxury goods companies helped LVMH boss Bernard Arnault, who is Europe’s richest man, overtake Tesla CEO Elon Musk as the world’s richest man earlier this year. At his peak, Arno’s fortune was $200 billion. This happened thanks to the renewed interest of LVMH brands, such as Christian Dior and Louis Vuitton. Since … Read more