Demand For Luxury Brands Is Increasing

The share prices of companies like LVMH Moët Hennessy Louis Vuitton, Hermès International and Kering have climbed, the Wall Street Journal reported on November 7. Since January, LVMH has increased 59 percent, Hermès climbed 34 percent and Kering grew 27 percent. The luxury brands are selling well with Europeans and Americans, though the three companies have been strongest with Chinese consumers.