LVMH Stock

• LVMH, a leading luxury goods company, has seen flat sales despite the increasing wealth of the rich.
• This is partly due to issues in China, one of their biggest markets.
• The stock is down about 20-25% this year, trading around $130 compared to its high of $200.
• CEO Bernard Arnault, one of the world's richest men, has been personally buying the stock.
• The company is known for rarely discounting its products, prioritizing brand value over short-term profits.