LVMH, Moët Hennessy Louis Vuitton ($MC) a French Luxury giant for a global wealth recovery play

For a quick refresher, LVMH is the world’s dominant luxury goods conglomerate, managing a portfolio of 75 prestigious houses across fashion, leather, jewelry, and spirits. They are the active brand engine behind massive, globally recognized status symbols like Louis Vuitton, Dior, Tiffany & Co., and Hennessy. Global demand for ultra-luxury is structurally expanding because the long-term compounding of global high-net-worth wealth is creating a massive, highly resilient class of affluent consumers, leaving heritage craftsmanship and prime retail real estate severely bottlenecked. LVMH is compelling because they’re a vertically integrated powerhouse operating as a literal index fund for global elite consumption, granting them absolute pricing power. A p/e of around 22 is cheap for them especially with the future secular growth of global affluence. Given the structural permanence of centuries-old brand moats and their unmatched pricing power to beat inflation, it’s a buy IMO. I know you guys will said Hermes is better but their p/e is usually trade at more premium (p/e 37) so it has less of a buffer when things goes south.