Wide diversification makes LVMH resistant to changes in trends and consumer behavior.
In times of uncertainty associated with trade wars, luxury goods manufacturers are becoming an excellent investment option.
Net profit growth by 41% compared to the first half of 2017.
New sales opportunities due to the appearance of a new designer in the company, online sales and the addition of new products.
At the moment, LVMH is trading with a P/E multiplier of 24.2x, which is quite cheap for a luxury goods company.