Shipwire in the News

Why LVMH Will Weather the European Economic Storm in High Style

European financial markets were up and down yesterday following the news of Greek elections. But for one luxury stock Moët Hennessy Louis Vuitton (LVMH), it was just another day of trading.

LVMH, the world’s largest luxury conglomerate that counts more than 60 brands and over 3,000 stores worldwide as part of its posh portfolio, quietly stayed the course as all eyes swung from Greece’s new ruling party to the potential collapse of Spain’s banking system. LVMH stock closed at €118.35, up .08 percent from the previous day.

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