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The British daily Financial Times has crowned the winners and losers of the coronavirus pandemic in a ranking. The LVMH group came out on top and was crowned the French winner.
As the coronavirus epidemic nears its second anniversary, the UK’s Financial Times looks back on years of drought for some and opportunity for others.
Unsurprisingly, the Financial Times says “Silicon Valley dominates our list of companies whose market value has risen since January 1, 2020“. The GAFAMs lead the way with Apple, Microsoft and Alphabet (Google) taking the top three spots. Apple even ended 2021 close to its best results, with a share price that rose sharply and a market value that reached $3 billion.
Conversely, China saw many of its big companies struggle last year due to, among other things, “increasing regulatory pressure,” says the Financial Times. Online retail giant Alibaba tops the list of the pandemic’s biggest losers (which also includes property developer Evergrande). However, battery maker CATL and spirits producer Kweichow Moutai make the list of pandemic winners.
LVMH is not in crisis
In France, no company is present in the ranking of losers. But one of them has seen its results increase over the last two years, to the point of being ranked 13th in the winners’ ranking. This company is none other than the French giant LVMH. At the beginning of the pandemic, LVMH, like other players in the sector, turned its production units into factories to provide hydraulic gel en masse to the population and hospitals, out of solidarity.
“Instead, the undisputed leader in the sector has continued to strengthen,” says the Financial Times. “Analysts even expect sales to rise by 15%, this year, compared with 2019, reaching more than 60 billion euros.” These results are due in part to Asian and particularly Chinese demand, which exploded by 86% in 2021, compared to the previous year, but this is only part of the explanation.
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Indeed, last year, LVMH finalized the acquisition process of the American jeweler Tiffany & Co. A smart choice on the part of the French group, because, as Bernard Arnault, the CEO of LVMH, pointed out, “Tiffany is an iconic company, an icon of America; it is a brand that is synonymous with love and whose famous blue box is recognized throughout the world.” LVMH relies on its iconic and world-renowned brands to break through, such as Louis Vuitton and Dior, but is strengthening its position by acquiring other global groups (Rimowa, Loewe, Cha Ling…) and diversifying its business portfolio, as evidenced by the opening of the Samaritaine and its Cheval Blanc hotel.
Bernard Arnault said at the beginning of 2021: “In a context that remains uncertain, even if the hope of vaccination gives us a glimpse of the end of the pandemic, we are convinced that LVMH is in an excellent position to build on the recovery that the world is hoping for in 2021 and further strengthen its lead in the global luxury market.” A statement that proved to be in every way relevant to the group’s future.
Read also > TEAMWORK AND KNOW-HOW AT THE HEART OF THE PHILOSOPHY OF THE INSTITUT DES MÉTIERS D’EXCELLENCE OF LVMH
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The British daily Financial Times has crowned the winners and losers of the coronavirus pandemic in a ranking. The LVMH group came out on top and was crowned the French winner.
As the coronavirus epidemic nears its second anniversary, the UK’s Financial Times looks back on years of drought for some and opportunity for others.
Unsurprisingly, the Financial Times says “Silicon Valley dominates our list of companies whose market value has risen since January 1, 2020“. The GAFAMs lead the way with Apple, Microsoft and Alphabet (Google) taking the top three spots. Apple even ended 2021 close to its best results, with a share price that rose sharply and a market value that reached $3 billion.
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The British daily Financial Times has crowned the winners and losers of the coronavirus pandemic in a ranking. The LVMH group came out on top and was crowned the French winner.
As the coronavirus epidemic nears its second anniversary, the UK’s Financial Times looks back on years of drought for some and opportunity for others.
Unsurprisingly, the Financial Times says “Silicon Valley dominates our list of companies whose market value has risen since January 1, 2020“. The GAFAMs lead the way with Apple, Microsoft and Alphabet (Google) taking the top three spots. Apple even ended 2021 close to its best results, with a share price that rose sharply and a market value that reached $3 billion.
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