Adding To A Luxury Conglomerate
LVMH's great luxury conglomerate
LVMH is an amazing business.
Over the years, Bernard Arnault has built a Luxury Empire:
Owner-Operator: Bernard Arnault still owns almost 50% of the company
Return since IPO in 1987: 14.4% per year
Acquisitions executed since IPO in 1987: 70
Adding to LVMH
On Monday, I will add 2% to my position in LVMH.
This means I want to buy LVMH for $20,00…