Stock Take

Luxury goods are big business, but Ireland is too small for standalone shops

Many high-end brands prefer to make a statement within the bigger landscape and ambience of upmarket department stores like Brown Thomas

Singer Rihanna sports multiple bags in an ad from Louis Vuitton’s latest campaign. Like many high-end brands, it has no standalone presence here

One of the standout trends over the last year has been the strength and resilience in the performance of luxury brands, despite being faced with headwinds such as soaring inflation and plunging consumer confidence.

A quick glance at Chart 2 below reveals how the share prices of listed companies that own some of the world’s most recognisable and expensive luxury brands have proved a safe bet during turbulent times.

Shares in Louis Vuitton MH, the ...