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Jacques-Olivier Martin: "Luxury doubles the stakes"

2021-06-07T21:50:09.846Z


CHRONICLE - With or without a crisis, investors are sure that beauty is more timeless than ever and our luxury Gafa more desirable than any other.


This crisis is decidedly strange.

As the world's economies spend trillions of dollars to avoid exploding bankruptcies and the social tsunami, a few companies are showing stunning stock market performance.

First, the internet giants driven by the technological revolution which accelerated during this health crisis.

Their success impresses but is ultimately quite understandable.

More improbable at first glance, the insolent stock market course of luxury Gafa.

Read also:

Louis Vuitton and Dior take over LVMH

Like Amazon, Google or Apple, the shares of LVMH, Hermès or L'Oréal have more or less doubled in fifteen months.

The first is now worth well over 300 billion euros, the second, more than 200 and the third, 122 billion, more than Sanofi, TotalEnergies or Airbus.

The first three capitalizations of the Paris Bourse represent 30% of the valuation of the index, unprecedented.

With or without a crisis, investors are sure that

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Source: lefigaro

All business articles on 2021-06-07

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