The hunt for luxury investments leads us to AIM
Recent results from LVMH, the world’s largest purveyor of luxury goods, highlighted the enduring appeal of luxury brands. But with the share price touching all-time highs, is there better value elsewhere, even on AIM?
Paris listed LVMH Moet Hennessy Louis Vuitton (FR:MC) calls itself the world leader in luxury brands. It is hard to disagree with the hubris of this sector giant, which not only boasts a market capitalisation north of €190bn, but also owns a host of iconic brands including Louis Vuitton, Christian Dior and Givenchy..
LVMH was formed in 1987 following the merger of fashion house Louis Vuitton with drinks luminary Moët Hennessy. Under the leadership of chairman and chief executive Bernard Arnault, it…
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