LVMH & the North American Luxury Market
Former Chairman of North America, LVMH
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LVMH & the North American Luxury Market(October 30, 2024)
Former Chairman of North America, LVMH
Interview Transcript
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We covered a lot of ground. I feel like I learned a lot.
As an investor, the challenge is that the luxury industry doesn't have a natural dynamic like the auto industry. For example, Mercedes Benz has a dynamic that works, even if their price point is higher than Toyota. Within LVMH, the way a watch company operates is fundamentally different from other categories. You're dealing with a holding company united by common ownership and culture, but it's not a cohesive industry.
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