John Hjorth Posted November 22, 2024 Author Posted November 22, 2024 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 Posted December 1, 2024 Author Posted December 1, 2024 (edited) 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 8th December 2024: YouTube - Rebâtir Notre-Dame de Paris [November 30th 2024] : L'intérieur de Notre-Dame de Paris se révèle ! [English : The interior of Notre-Dame de Paris is revealed! Edited December 1, 2024 by John Hjorth
UK Posted December 2, 2024 Posted December 2, 2024 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 Posted December 2, 2024 Author Posted December 2, 2024 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 Posted December 3, 2024 Author Posted December 3, 2024 Bloomberg - CityLab [December 3rd 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 16th 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.
John Hjorth Posted January 24 Author Posted January 24 Bloomberg - Opinion - Andrea Felsted [January 24th 2025] : Luxury Needs Its Logos Back. Trump Can Help. Subtitle : Bernard Arnault attending the inauguration underlines the importance of the US market to luxury brands. - - - o 0 o - - - Felsteds take on recent global and geopolitical events and developments, viewed from the angle of the global luxury sector, perhaps here with a certain focus on Mr. Arnault. Quite speculative to me personally, but still a bit interesting, I think.
james22 Posted January 28 Posted January 28 Setting aside the politics, doesn't the democratization of luxury goods and good taste make the luxury sector significantly more risky than previously? Today, when luxury goods are more accessible to ordinary people than ever before, the elite need other ways to broadcast their social position. This helps explain why so many are now decoupling class from material goods and attaching it to beliefs. https://archive.ph/bDqLe Or does the shift create opportunity? How will the upper-class and hipsters display their status next?
John Hjorth Posted January 28 Author Posted January 28 8 minutes ago, Dinar said: LVMH results are out Let's go talk about it in the separate LVMH topic in the Investment Ideas forum.
james22 Posted January 30 Posted January 30 1 hour ago, Spekulatius said: Hipsters disappearing is news to me. Disappearing, becoming common: same thing
Spekulatius Posted February 1 Posted February 1 (edited) Tough times in high end liquor (cognac) in this case: https://www.remy-cointreau.com/app/uploads/2025/01/Remy-Cointreau-Presentation-CA-T3-24-25.pdf I have a starter in this (bag holder so far) and don’t see this going anywhere yet. I also expect tariffs sooner than later. Edited February 1 by Spekulatius
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