Many analysts are currently recommending buying LVMH shares.
(Foto: Bloomberg)
Köln The luxury goods industry is booming – despite war, inflation and the threat of recession. According to a study by the management consultancy Bain & Company, the global market for high-quality clothing, shoes, leather goods, perfume and jewelery grew by 22 percent to 353 billion euros last year.
Strong growth can also be expected in the medium term. Depending on the development of the global economy, the market will grow by three to eight percent annually until 2030. “Without a doubt, the prospects for the luxury business are extremely positive,” states Marie-Therese Marek, Partner at Bain & Company.
Investors can benefit from this trend by investing in individual stocks or by reducing risk and buying shares in luxury equity funds.
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