LVMH: King of the Luxury Jungle SEPTEMBER 2009 Profit from temporary W&S woes to bag the stock at discount prices LVMH is the strongest player in the luxury goods industry, a giant in an industry where fixed costs make scale paramount; the only "two-legged" balanced player, leading with mega-brands in both Leather Goods and Wines & Spirits; enjoying stable group EBIT margins as a consequence Champagne consumer demand weakness, de-stocking and oversupply in 2010 are well understood; W&S
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por cualquier medio, sin autorización escrita del editor. DERECHOS RESERVADOS © 2008, respecto a la cuarta edición por McGraw-Hill Interamericana S.A. Carrera 11 No. 93-46 oficina 301. Bogotá, D.C., Colombia. ISBN 10: 956-278-206-9 ISBN 13: 978-956-278-206-7 Impreso en Colombia Printed in Colombia 5123468907 Impreso en Colombia 1234567890 Printed in Colombia www.FreeLibros.me A nuestras esposas, Cristina y Silvia, y a nuestros hijos, Álvaro, Andrea, Carolina, Claudio,
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