Luxury sector - News

[John Hjorth]

Ha-ha! , SD [ @SharperDingaan ],

 

Simple recipe, forget anything about raising kids with certain and characteristic values inherent, habits, manners etc., and gravestones, just produce a lot of demanding female 'serial acquirers'  [Swedish phenomen especially, I think], and your footprint will be eternal and ever lasting! 

 

Christ, I'm amused!  - CoBF on a Friday evening at its best! 

[John Hjorth]

On 11/22/2024 at 12:28 PM, John Hjorth said:

...These guys did not sponsor this bragging and marketing  - 'one bid only per bidder, please' - bidding war [dick size contest?],  their contributions, themselves personally, - their listed holding companies - and thereby also their co-shareholders, did!

 

So, for those of us who may own LVMH, CDI or Kering, here is a sneak peak view to the bang for your buck! :

 

<Link to TVL video deleted here [waste of space], John>

 

Here is a new video generated by the organisation called 'Rebâtir Notre-Dame de Paris' [translate from French to English : 'Rebuilding Notre-Dame de Paris', website : Link].

 

It was likely produced in connection with French President Macron visiting Notre Dame as the first visitor after renovation, re-build-up, and restoration, with his wife, yesterday, before the official opening on 8^th December 2024:

 

YouTube - Rebâtir Notre-Dame de Paris [November 30^th 2024] : L'intérieur de Notre-Dame de Paris se révèle ! [English : The interior of Notre-Dame de Paris is revealed!

 

 

Edited December 1 by John Hjorth

[UK]

https://www.bloomberg.com/news/articles/2024-12-01/bulgari-ceo-eyes-india-for-growth-as-china-luxury-demand-weakens

 

Babin downplayed the luxury industry’s slowdown, saying this year’s relative weakness is due in part to comparisons against an unusually strong 2023, when demand was fueled by consumer savings built up during the Covid-19 lockdown years.
 

[John Hjorth]

2 hours ago, UK said:

https://www.bloomberg.com/news/articles/2024-12-01/bulgari-ceo-eyes-india-for-growth-as-china-luxury-demand-weakens

 

Babin downplayed the luxury industry’s slowdown, saying this year’s relative weakness is due in part to comparisons against an unusually strong 2023, when demand was fueled by consumer savings built up during the Covid-19 lockdown years.
 

 

Thank you for sharing, @UK,

 

At least for for LVMH, Babin is right and has a point, so far. And trees do not just continue to grow into the sky , -there are limits for growth in any sector. The growth in this sector the last decade or so has been quite high, on average.

 

First time I recall having been listening to an interview with Jean-Christophe Babin. He appers basically optimistic, but still realistic, in the meaning, with a global brand, there is always something to do.

[John Hjorth]

Bloomberg - CityLab [December 3^rd 2024] : Notre-Dame Reopens ‘More Beautiful Than Before’.

 

There are some really stunning and beautiful photos included in this article, especially the first one of the nave, and those two photos taken from the same location and in same direction, one just post fire, the next after finished repair and renovation.

 

Of the 840 million EUR donated, 500 million EUR came from the luxury sector, Pinault & Kering EUR 100 million, Arnualt & LVMH EUR 200 million, and Bettencourt family & L'Oreal EUR 200 million.

 

CNN [April 16^th 2019] : France’s 3 richest families lead $700 million fundraising effort for Notre Dame.

 

According to this article French O&G company Total also donated EUR 100 million.