LVMH Sales Cast Doubt on Luxury Rebound

The video discusses LVMH's recent market performance, highlighting a slight beat in the fashion and leather goods unit, but not enough to impress investors. It contrasts this with strong performances from competitors like Richmond. Bernard Arnault, LVMH's founder, shares his experiences in the US, noting a stark contrast with France's business climate, particularly regarding corporate taxes and unemployment. Arnault's relationship with Trump is also touched upon, though he declines to comment on potential tariffs on luxury goods.

What was the performance of LVMH's watch and jewellery unit in the recent quarter?

• It underperformed expectations.

• It remained unchanged.

• It met expectations.

• It exceeded expectations, with Tiffany rising 9%.

How did Bernard Arnold describe his return to France after visiting the US?

• As a neutral transition.

• As a warm welcome.

• As a thrilling experience.

• As a cold shower.

What economic challenges did Bernard Arnold highlight about France?

• Decreasing corporate taxes.

• Stable economic growth.

• Increasing foreign investments.

• Rising unemployment and corporate taxes.

What was Bernard Arnold's response when asked about potential tariffs on luxury goods?

• He expressed strong concerns.

• He declined to comment.

• He supported the tariffs.

• He was indifferent.

Which US President did Bernard Arnold first become acquainted with?

• George Bush

• Barack Obama

• Donald Trump

• Ronald Reagan