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Greg Smith

LVMH 'well-placed' for rebound in demand

The luxury retail giant's large revenue base and financial strength will help it through to the other side of the crisis.

Shares of luxury goods manufacturing and retailing giant LVMH have slipped after first-half results showed profits were affected by the pandemic more than expected. But the company’s strong portfolio of luxury brands position it well to recover on the "other side" of the crisis.

We previously highlighted the shares in this column a few years ago at much lower levels, and they are now worth a look again in our view.

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Greg Smith is head of research at investment research and funds management house Fat Prophets.

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    Original URL: https://www.afr.com/wealth/personal-finance/lvmh-well-placed-for-rebound-in-demand-20200819-p55n6k