Revealed: Winners of the Fund Manager of the Year Awards 2021
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LVMH Moët Hennessy Louis Vuitton is Now the Most Valuable European Company, Per Finaria
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Pasha De Cartier has been a cult design since its creation in 1985. THE coronavirus pandemic is still raging throughout large parts of the world and China is facing a resurgence of the outbreak, yet investors keep pushing luxury-goods stocks higher, undeterred by near-record valuations.
The combination of robust Chinese spending growth and a strong start to the earnings season is seen supporting stocks such as LVMH, Hermes International and Kering SA, all of which reached record highs in the past two months.
The quality of the businesses and their substantial position in the stock market are causing some investors to compare the companies to U.S. technology behemoths.