Yeah.  We're literally in the middle of a global economic meltdown.  Banks failing.  Bankruptcy.  Bailouts.

But all those price increases must be doing some good!   LVMH recorded $12 billion in revenue for the first 9 months of 2008- putting them up 6% overall.   Their revenues actually increased third quarter (when it started getting really ugly for everyone else!)

Louis Vuitton in particular is up a whopping 12%.  This unbelievable growth largely due to the continuing popularity of traditional monogram and graphite damier and strong presence in emerging markets.

I love this quote from The Cut- (and don't say we haven't said this all along):

"So don't buy gold! Buy handbags."

Seriously... Go ahead and invest!

Forbes

New York Mag's The Cut

Marketwatch

Tags: invest, Louis Vuitton, LVMH, profits

This entry was posted on Saturday, October 11th, 2008 at 4:56 am and is filed under LVMH. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.