The Notebook: Victoria Scholar on why the allure of luxury bags could bolster designer marques
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City AM
City AM
By Lucy Kenningham Where the City’s movers and shakers get a few things off their chest. Today, it’s Victoria Scholar of Interactive Investor Don’t discount the allure of luxury bags – or the stocks of their makersLVMH reported rather dismal results this month. The luxury goods giant, which owns brands like Louis Vuitton and Dior, announced third quarter revenue growth of nine per cent hitting € 19.96bn, a sharp drop from 17 per cent in the previous period. Its largest division, fashion and leather goods saw sales increase by nine per cent, missing analysts’ expectations while its wines and sp…