LVMH
•Download as PPTX, PDF•
0 likes•171 views
The document summarizes a discussion by the Consumer Discretionary team about their sector and investments. The sector has been significantly impacted by coronavirus concerns as it relies heavily on Chinese and Asian consumer demand. One of their investments, Kering, is down about 6%. LVMH is analyzed in more depth, including its revenue, shareholder structure, competitors, DCF valuation, ESG commitments, and SWOT analysis. The rationale provided for an investment focuses on LVMH's proven track record, market share, diverse product range, and undervaluation relative to peers despite near-term impacts from coronavirus.
Report
Share
Report
Share
Recommended
2018 Global Case Competition at Harvard, 2nd in World, Top Undergraduate Team
Earned Second Place Overall of 120 Teams Worldwide, Top Undergraduate Team, Top Team in North America at the largest Investment Banking Competition in the world.
Kering
The document discusses the consumer discretionary sector team from Lancaster University Investment & Finance Society. It notes that the sector comprises companies that sell non-essential goods driven by consumer confidence and economic conditions. It also mentions that the sector's stocks fluctuate depending on consumer spending habits and important macro trends to consider include wage numbers, GDP, and unemployment. The sector is the opposite of consumer staples and discretionary stocks exist across most industries.
Galloway Capital - December 11
This document discusses an investment opportunity in emerging and frontier markets fixed income. It notes the high growth expectations for emerging markets, low interest rates in developed economies, and growing overseas interest in emerging markets assets. The fund would invest in emerging market corporate and sovereign bonds to generate equity-like returns with fixed income risk and seniority. It highlights past strong performance of emerging market bonds relative to US high yield bonds and equities. The investment process involves proprietary research, risk management controls, and a highly diversified portfolio.
10 underperforming French companies that could be targeted by activists funds
A research note reviewing shareholder activism in France and presenting ten french companies that could be target of activist hedge funds.
Social Media's Influence on Holiday Sales
Social media plays a key role in the digital revolution and retail landscape. A partnership between Euromonitor International and Twitter analyzed Twitter users' holiday shopping journeys, finding that most used Twitter for research, reviews and deals. The majority of purchases were planned in advance. Post-holiday, Twitter was used to share about gifts and conduct further research. Retailers are advised to leverage partnerships and insights to proactively engage customers on social media platforms like Twitter.
Strategic Management Final
LVMH is a global leader in the luxury goods industry formed through the merger of Louis Vuitton and Moet Hennessy in 1987. It has experienced strong growth through strategic acquisitions and expanding into new markets like China. In China, LVMH faces high competition but also opportunities for growth as disposable incomes rise. LVMH can focus on cost efficiency, organic growth through innovation, expanding distribution networks, and managing its portfolio of brands including star brands like Christian Dior and new brands. The future prospects in China include further tapping the growing middle class and exploring new opportunities in rural areas through advanced marketing strategies and long-term commitment to the China market.
GCF - Présentation Cosmetics & Fragrances - 1222 _.pdf
The document discusses market trends in the cosmetics and fragrances sector, including a growing demand for personalized and clean beauty products, as well as the attractiveness of Asia Pacific as the largest market. It also examines M&A trends in the sector, such as a high number of deals driven by strategic and financial buyers looking to expand product offerings. The document then outlines Gereje Corporate Finance's expertise in advising clients on buy-side and sell-side M&A transactions in the cosmetics and fragrances industry.
Lvmh final ppt team 5
The document provides an analysis of LVMH's international strategy as a multi-brand luxury conglomerate. It discusses how LVMH manages its portfolio of brands through both acquisitions and organic growth. LVMH focuses on rapid international expansion through strategic acquisitions of star luxury brands and increasing its retail network for organic growth. However, managing such a diverse portfolio of brands creates challenges around coordination and ensuring attention to all brands.
Recommended
2018 Global Case Competition at Harvard, 2nd in World, Top Undergraduate Team
Earned Second Place Overall of 120 Teams Worldwide, Top Undergraduate Team, Top Team in North America at the largest Investment Banking Competition in the world.
Kering
The document discusses the consumer discretionary sector team from Lancaster University Investment & Finance Society. It notes that the sector comprises companies that sell non-essential goods driven by consumer confidence and economic conditions. It also mentions that the sector's stocks fluctuate depending on consumer spending habits and important macro trends to consider include wage numbers, GDP, and unemployment. The sector is the opposite of consumer staples and discretionary stocks exist across most industries.
Galloway Capital - December 11
This document discusses an investment opportunity in emerging and frontier markets fixed income. It notes the high growth expectations for emerging markets, low interest rates in developed economies, and growing overseas interest in emerging markets assets. The fund would invest in emerging market corporate and sovereign bonds to generate equity-like returns with fixed income risk and seniority. It highlights past strong performance of emerging market bonds relative to US high yield bonds and equities. The investment process involves proprietary research, risk management controls, and a highly diversified portfolio.
10 underperforming French companies that could be targeted by activists funds
A research note reviewing shareholder activism in France and presenting ten french companies that could be target of activist hedge funds.
Social Media's Influence on Holiday Sales
Social media plays a key role in the digital revolution and retail landscape. A partnership between Euromonitor International and Twitter analyzed Twitter users' holiday shopping journeys, finding that most used Twitter for research, reviews and deals. The majority of purchases were planned in advance. Post-holiday, Twitter was used to share about gifts and conduct further research. Retailers are advised to leverage partnerships and insights to proactively engage customers on social media platforms like Twitter.
Strategic Management Final
LVMH is a global leader in the luxury goods industry formed through the merger of Louis Vuitton and Moet Hennessy in 1987. It has experienced strong growth through strategic acquisitions and expanding into new markets like China. In China, LVMH faces high competition but also opportunities for growth as disposable incomes rise. LVMH can focus on cost efficiency, organic growth through innovation, expanding distribution networks, and managing its portfolio of brands including star brands like Christian Dior and new brands. The future prospects in China include further tapping the growing middle class and exploring new opportunities in rural areas through advanced marketing strategies and long-term commitment to the China market.
GCF - Présentation Cosmetics & Fragrances - 1222 _.pdf
The document discusses market trends in the cosmetics and fragrances sector, including a growing demand for personalized and clean beauty products, as well as the attractiveness of Asia Pacific as the largest market. It also examines M&A trends in the sector, such as a high number of deals driven by strategic and financial buyers looking to expand product offerings. The document then outlines Gereje Corporate Finance's expertise in advising clients on buy-side and sell-side M&A transactions in the cosmetics and fragrances industry.
Lvmh final ppt team 5
The document provides an analysis of LVMH's international strategy as a multi-brand luxury conglomerate. It discusses how LVMH manages its portfolio of brands through both acquisitions and organic growth. LVMH focuses on rapid international expansion through strategic acquisitions of star luxury brands and increasing its retail network for organic growth. However, managing such a diverse portfolio of brands creates challenges around coordination and ensuring attention to all brands.
VF corporation case analysis
presentation on VF corporation case analysis. by HARBINGER(3rd batch), Dept of Accounting and Information Systems, Jahangirnagar University.
Final Version EL Report
Estee Lauder is a leading cosmetics company founded in 1946. It owns 28 brands and sells products in over 135 countries. The document discusses Estee Lauder's business model, key drivers of growth, and risks. It owns brands across skincare, makeup, fragrance, and haircare and generates over 40% of sales from the Americas and 38% from Europe, Middle East, and Africa. Key growth drivers include a strong presence in emerging markets, increasing online and mobile sales, and significant advertising expenditures. Risks include economic fluctuations in emerging markets, foreign exchange rate volatility, and intense competition in the cosmetics industry.
GCF - Présentation Cosmetics & Fragrances - 1022.pdf
- Financial modeling
- Business plan
- Pitch deck
- Valuation
- Investor targeting
Phase 2 – 2 to 4 months
Investor approach
The Deal
This presentation contains the analysis of a prospective acquisition of Bulgari by LVMH. This exercise was done as a part of a case study competition conducted by JPMorgan. The presentation covers various aspects like DCF Valuation, Trading comps, Transaction Comps, Synergy estimation, Acquisition financing etc.
GCF - Présentation Cosmetics & Fragances - 0922 .pdf
The document provides an overview of market trends and M&A activity in the cosmetics and fragrances sector. It notes that the sector is growing steadily due to increasing demand for personalized and clean beauty products, as well as the rise of e-commerce. Asia Pacific represents the largest market share at 35% and is growing the fastest. M&A activity has also increased significantly in recent years as strategic and financial buyers look to expand their product portfolios. The document outlines the expertise and methodology of GEREJE Corporate Finance in advising clients on buy-side, sell-side and fundraising mandates in the sector, noting their experience and access to both strategic and financial investors globally.
Globalization major forces is kind of components of global running business o...
Globalization involves integrating economies and removing barriers between nations. It occurs at both the micro level of individual firms expanding globally and the macro level of integrating entire economies. Globalization creates an environment where capital, trade, technology, and labor can flow freely between countries. It allows companies to access new growth opportunities overseas but also increases competition as foreign firms enter domestic markets. Globalization has led to a more integrated and interdependent world economy.
Brand Valuation Fundamentals
Brand Valuation FundamentalsArthur Lok Jack Graduate School of Business, The University of the West Indies
This document provides a summary of a presentation on brand valuation fundamentals by Dr. Rajesh Ingle at UWI on September 26th, 2015. It discusses key concepts in brand valuation including the desire, willingness, ability, and awareness of consumers. It also outlines factors that contribute to the prosperity of brands such as innovation and consistency, and mistakes that can lead to the decline of brands like arrogance, greed, and complacency. The document also provides examples of large acquisitions where most of the purchase price was for brand value and goodwill.Ernst&Young Luxury factbook-2015
Ernst & Young the Luxury & Cosmetics Financial Factbook
The industry faces three main challenges in the year ahead:
• Manage demand worldwide — This year, the industry has been impacted by currency
volatility: many consumers have abandoned local markets and shopped abroad instead,
to benefit from pricing differences. Most dramatically, while domestic consumption
in mainland China dropped 3% in 2014, Chinese consumers increased their spending
globally by 8%. Luxury companies have started to re-think the idea of a consistent offer
throughout the world, to minimize further effects of currency variations. The choice
is between maintaining a consistent pricing policy without adapting to specific local
fluctuations, or presenting a variable price for each area, chasing exchange rates and
purchasing power.
• Define an omni-channel strategy — Most companies are refocusing their strategies on
the customer experience: omni-channel, flawless retail management, people excellence.
Brands are seeking to take control of their operations by managing a dedicated retail
network. In parallel, companies have to deploy their presence worldwide and thus
continue to develop their wholesale portfolio, focusing on the high quality of their
partners. Digital is increasingly important, both as a marketing tool and as a sales
channel. Companies can no longer focus on a single channel: they have to define a
consistent strategy for all distribution networks and adapt their DNA specifically for
each channel, including social media.
• Fine-tune the retail model — The muscular retail strategy carried out by the major
international brands in worldwide tier-one cities has lowered the return of top-line
growth that can be obtained by increasing direct distribution networks. Today clients
are well informed about what they want to buy because of a combination of continuous
on-line/off-line switches, word of mouth, social communities. This may lead to a partial
redefinition of retail strategies, with selected closures of less-performing retail shops,
focus on core locations and well-positioned flagships, reduction in the average size of
directly operated stores (DOS) to improve main sale ratios and reduce costs.
GCF - Présentation Cosmetics & Fragances - 0922 .pdf
The document provides an overview of market trends and M&A activity in the beauty and fragrance sector.
It discusses key market trends such as the personalization of products and services, the growth of omnichannel retail, increasing demand for clean beauty, and Asia Pacific emerging as the largest market.
The document also analyzes M&A trends in the sector, noting strong deal activity driven by strategic and financial buyers looking to expand product offerings. Recent transactions are highlighted.
Finally, it outlines GEREJE Corporate Finance's expertise in advising clients on deals in the beauty and fragrance industry, including their international presence, access to investors, track record, and methodology for buy-side mandates
Introductory Session on International Marketing
The document summarizes the global nature of everyday products and activities in the modern world. It describes how the author consumed various products from different countries throughout their morning routine, from coffee to shampoo to technology. It highlights how globalization has led to an interconnected world where products routinely cross international borders.
Conglomerate Diversification - ITC, Strategy formulation, 2013
ITC has diversified from its origins in tobacco into various business segments including FMCG, hotels, paper, and IT. It has the largest distribution network in India. While still reliant on cigarettes, ITC is focusing on growing its non-cigarette businesses like FMCG which saw 15.7% revenue growth. ITC aims to leverage its distribution to become a major FMCG player. Further investments in areas like agriculture, R&D, and expanding markets can help ITC reduce reliance on cigarettes over time.
Tech and Venture Capital in the Time of Corona
Isomer Capital is a private investment firm based in London that focuses exclusively on venture capital investments in European companies. It makes primary investments in VC funds as well as direct co-investments in companies. It has notable portfolio unicorns, investments in over 30 funds across 6 countries, and underlying portfolio companies. Venture capital has delivered strong returns over the past 25 years, outperforming other major asset classes like stocks and bonds. The European VC market has also outperformed the US market over the past 20 years based on Cambridge Associates indices.
12205 drapers luxury_report-single
The document discusses the current state and future outlook of the UK luxury fashion market based on a survey conducted by Drapers magazine. Key findings include:
- 85% of respondents reported increased turnover in 2011 compared to 2010, and 77% reported increased profits. On average, turnover rose 23% and profits rose 18.5%.
- 92% expect turnover to rise next year, with brands forecasting a 27% increase and independent boutiques a 15% rise.
- International sales will continue to be important for growth, though most businesses currently get less than 20% of sales from overseas. Western Europe is the top international market currently.
- Tourism is also a significant source of UK sales, with
Analysis
The document analyzes the strengths, weaknesses, opportunities, and threats (SWOT) of Candyland confectionery company. It performs external factor evaluation (EFE) and internal factor evaluation (IFE) matrices to assess external opportunities and threats, and internal strengths and weaknesses. Finally, it provides a competitive profile matrix comparing Candyland to competitors on critical success factors such as marketing, market share, product quality, and distribution channels. Candyland scores highest in the competitive profile matrix, indicating it has competitive advantages over rivals.
Marketing case of sansui
The document provides a SWOT analysis, country/product matrix, and BCG matrix for a company. It also analyzes the company's marketing organization and financial ratios over time. It identifies microchips, circuit boards, and passive systems as stars in the BCG matrix. Telephones, televisions, computers, and alarm systems are identified as question marks. Radios are identified as dogs. The marketing organization is suited for the semiconductor industry characteristics but could expand capital raising channels and sales networks.
Harvard Global Case Competition
LVMH has gradually increased its stake in Hermes to 23.1% through equity swaps without declaring share purchases. Hermes leadership wants LVMH to halve its stake due to concerns over losing control. LVMH CEO Bernard Arnault states he only wants to be a long-term shareholder and hopes to boost Hermes' profitability. However, Hermes is wary of LVMH trivializing its brand and introducing cheaper products. The future of LVMH's investment in Hermes remains uncertain.
Factbook2016_24-09-16_LR
This document provides an executive summary and analysis of the luxury goods and cosmetics industries based on EY's annual financial factbook. Some key points:
- In 2015, the luxury goods industry grew 13% at current exchange rates but only 1% in real terms, lower than 2014, due to currency fluctuations. The cosmetics industry grew 3.9%.
- Political instability, terrorism threats, and China's economic slowdown impacted consumer uncertainty and the luxury sector's decline.
- Luxury consumers now seek a complete retail experience beyond just products. Brands must better understand consumers and engage them through both physical and digital experiences.
- The competitive landscape is changing as affordable luxury and digital-
Galloway Presentation
This document provides an investment case for the Galloway Global Emerging Markets Fixed Income Fund. It summarizes the opportunity in investing in emerging market bonds which offer higher yields than developed markets. The fund aims to generate consistent risk-adjusted returns through a diversified portfolio of emerging market corporate and sovereign bonds, using rigorous due diligence and risk management practices. It has achieved strong historical performance since inception in 2009.
Luxury Goods Industry
This is a project that I did while on exchange in Paris, France. The project is an analysis on the Luxury Goods Industry and the Globalization opportunities/challenges it is facing.
Just What Is A Hedge Fund, Anyways Gpseg
With all of the recent media attention surrounding hedge funds, there are bound to be some misconceptions regarding the hedge fund industry. Dick Hooey led a stimulating discussion surrounding the evolution of this esoteric investment vehicle and tried to answer the question “Just what is a Hedge Fund, anyways?”. Dick is a strategic minded finance executive with expertise in valuation and decision support analyses of transactions including acquisitions and new business ventures in consulting and corporate environments. In addition, Dick has 13 years experience managing a market neutral equity portfolio representing capital in excess of $100 million for a leading billion dollar hedge fund.
Equity residential
This document discusses an analysis of real estate investment trusts (REITs) American Tower (AMT), Crown Castle (CCI), and Equity Residential (EQR). It provides an overview of the real estate sector, the investment choices for the fund, and analyses including fundamental, quantitative, strategic, and environmental, social and governance (ESG). The key takeaways are that EQR has the best quantitative data with lower volatility and higher returns than peers, strongest ESG performance, and a positive strategic outlook with growth opportunities.
More Related Content
Similar to LVMH
VF corporation case analysis
presentation on VF corporation case analysis. by HARBINGER(3rd batch), Dept of Accounting and Information Systems, Jahangirnagar University.
Final Version EL Report
Estee Lauder is a leading cosmetics company founded in 1946. It owns 28 brands and sells products in over 135 countries. The document discusses Estee Lauder's business model, key drivers of growth, and risks. It owns brands across skincare, makeup, fragrance, and haircare and generates over 40% of sales from the Americas and 38% from Europe, Middle East, and Africa. Key growth drivers include a strong presence in emerging markets, increasing online and mobile sales, and significant advertising expenditures. Risks include economic fluctuations in emerging markets, foreign exchange rate volatility, and intense competition in the cosmetics industry.
GCF - Présentation Cosmetics & Fragrances - 1022.pdf
- Financial modeling
- Business plan
- Pitch deck
- Valuation
- Investor targeting
Phase 2 – 2 to 4 months
Investor approach
The Deal
This presentation contains the analysis of a prospective acquisition of Bulgari by LVMH. This exercise was done as a part of a case study competition conducted by JPMorgan. The presentation covers various aspects like DCF Valuation, Trading comps, Transaction Comps, Synergy estimation, Acquisition financing etc.
GCF - Présentation Cosmetics & Fragances - 0922 .pdf
The document provides an overview of market trends and M&A activity in the cosmetics and fragrances sector. It notes that the sector is growing steadily due to increasing demand for personalized and clean beauty products, as well as the rise of e-commerce. Asia Pacific represents the largest market share at 35% and is growing the fastest. M&A activity has also increased significantly in recent years as strategic and financial buyers look to expand their product portfolios. The document outlines the expertise and methodology of GEREJE Corporate Finance in advising clients on buy-side, sell-side and fundraising mandates in the sector, noting their experience and access to both strategic and financial investors globally.
Globalization major forces is kind of components of global running business o...
Globalization involves integrating economies and removing barriers between nations. It occurs at both the micro level of individual firms expanding globally and the macro level of integrating entire economies. Globalization creates an environment where capital, trade, technology, and labor can flow freely between countries. It allows companies to access new growth opportunities overseas but also increases competition as foreign firms enter domestic markets. Globalization has led to a more integrated and interdependent world economy.
Brand Valuation Fundamentals
Brand Valuation FundamentalsArthur Lok Jack Graduate School of Business, The University of the West Indies
This document provides a summary of a presentation on brand valuation fundamentals by Dr. Rajesh Ingle at UWI on September 26th, 2015. It discusses key concepts in brand valuation including the desire, willingness, ability, and awareness of consumers. It also outlines factors that contribute to the prosperity of brands such as innovation and consistency, and mistakes that can lead to the decline of brands like arrogance, greed, and complacency. The document also provides examples of large acquisitions where most of the purchase price was for brand value and goodwill.Ernst&Young Luxury factbook-2015
Ernst & Young the Luxury & Cosmetics Financial Factbook
The industry faces three main challenges in the year ahead:
• Manage demand worldwide — This year, the industry has been impacted by currency
volatility: many consumers have abandoned local markets and shopped abroad instead,
to benefit from pricing differences. Most dramatically, while domestic consumption
in mainland China dropped 3% in 2014, Chinese consumers increased their spending
globally by 8%. Luxury companies have started to re-think the idea of a consistent offer
throughout the world, to minimize further effects of currency variations. The choice
is between maintaining a consistent pricing policy without adapting to specific local
fluctuations, or presenting a variable price for each area, chasing exchange rates and
purchasing power.
• Define an omni-channel strategy — Most companies are refocusing their strategies on
the customer experience: omni-channel, flawless retail management, people excellence.
Brands are seeking to take control of their operations by managing a dedicated retail
network. In parallel, companies have to deploy their presence worldwide and thus
continue to develop their wholesale portfolio, focusing on the high quality of their
partners. Digital is increasingly important, both as a marketing tool and as a sales
channel. Companies can no longer focus on a single channel: they have to define a
consistent strategy for all distribution networks and adapt their DNA specifically for
each channel, including social media.
• Fine-tune the retail model — The muscular retail strategy carried out by the major
international brands in worldwide tier-one cities has lowered the return of top-line
growth that can be obtained by increasing direct distribution networks. Today clients
are well informed about what they want to buy because of a combination of continuous
on-line/off-line switches, word of mouth, social communities. This may lead to a partial
redefinition of retail strategies, with selected closures of less-performing retail shops,
focus on core locations and well-positioned flagships, reduction in the average size of
directly operated stores (DOS) to improve main sale ratios and reduce costs.
GCF - Présentation Cosmetics & Fragances - 0922 .pdf
The document provides an overview of market trends and M&A activity in the beauty and fragrance sector.
It discusses key market trends such as the personalization of products and services, the growth of omnichannel retail, increasing demand for clean beauty, and Asia Pacific emerging as the largest market.
The document also analyzes M&A trends in the sector, noting strong deal activity driven by strategic and financial buyers looking to expand product offerings. Recent transactions are highlighted.
Finally, it outlines GEREJE Corporate Finance's expertise in advising clients on deals in the beauty and fragrance industry, including their international presence, access to investors, track record, and methodology for buy-side mandates
Introductory Session on International Marketing
The document summarizes the global nature of everyday products and activities in the modern world. It describes how the author consumed various products from different countries throughout their morning routine, from coffee to shampoo to technology. It highlights how globalization has led to an interconnected world where products routinely cross international borders.
Conglomerate Diversification - ITC, Strategy formulation, 2013
ITC has diversified from its origins in tobacco into various business segments including FMCG, hotels, paper, and IT. It has the largest distribution network in India. While still reliant on cigarettes, ITC is focusing on growing its non-cigarette businesses like FMCG which saw 15.7% revenue growth. ITC aims to leverage its distribution to become a major FMCG player. Further investments in areas like agriculture, R&D, and expanding markets can help ITC reduce reliance on cigarettes over time.
Tech and Venture Capital in the Time of Corona
Isomer Capital is a private investment firm based in London that focuses exclusively on venture capital investments in European companies. It makes primary investments in VC funds as well as direct co-investments in companies. It has notable portfolio unicorns, investments in over 30 funds across 6 countries, and underlying portfolio companies. Venture capital has delivered strong returns over the past 25 years, outperforming other major asset classes like stocks and bonds. The European VC market has also outperformed the US market over the past 20 years based on Cambridge Associates indices.
12205 drapers luxury_report-single
The document discusses the current state and future outlook of the UK luxury fashion market based on a survey conducted by Drapers magazine. Key findings include:
- 85% of respondents reported increased turnover in 2011 compared to 2010, and 77% reported increased profits. On average, turnover rose 23% and profits rose 18.5%.
- 92% expect turnover to rise next year, with brands forecasting a 27% increase and independent boutiques a 15% rise.
- International sales will continue to be important for growth, though most businesses currently get less than 20% of sales from overseas. Western Europe is the top international market currently.
- Tourism is also a significant source of UK sales, with
Analysis
The document analyzes the strengths, weaknesses, opportunities, and threats (SWOT) of Candyland confectionery company. It performs external factor evaluation (EFE) and internal factor evaluation (IFE) matrices to assess external opportunities and threats, and internal strengths and weaknesses. Finally, it provides a competitive profile matrix comparing Candyland to competitors on critical success factors such as marketing, market share, product quality, and distribution channels. Candyland scores highest in the competitive profile matrix, indicating it has competitive advantages over rivals.
Marketing case of sansui
The document provides a SWOT analysis, country/product matrix, and BCG matrix for a company. It also analyzes the company's marketing organization and financial ratios over time. It identifies microchips, circuit boards, and passive systems as stars in the BCG matrix. Telephones, televisions, computers, and alarm systems are identified as question marks. Radios are identified as dogs. The marketing organization is suited for the semiconductor industry characteristics but could expand capital raising channels and sales networks.
Harvard Global Case Competition
LVMH has gradually increased its stake in Hermes to 23.1% through equity swaps without declaring share purchases. Hermes leadership wants LVMH to halve its stake due to concerns over losing control. LVMH CEO Bernard Arnault states he only wants to be a long-term shareholder and hopes to boost Hermes' profitability. However, Hermes is wary of LVMH trivializing its brand and introducing cheaper products. The future of LVMH's investment in Hermes remains uncertain.
Factbook2016_24-09-16_LR
This document provides an executive summary and analysis of the luxury goods and cosmetics industries based on EY's annual financial factbook. Some key points:
- In 2015, the luxury goods industry grew 13% at current exchange rates but only 1% in real terms, lower than 2014, due to currency fluctuations. The cosmetics industry grew 3.9%.
- Political instability, terrorism threats, and China's economic slowdown impacted consumer uncertainty and the luxury sector's decline.
- Luxury consumers now seek a complete retail experience beyond just products. Brands must better understand consumers and engage them through both physical and digital experiences.
- The competitive landscape is changing as affordable luxury and digital-
Galloway Presentation
This document provides an investment case for the Galloway Global Emerging Markets Fixed Income Fund. It summarizes the opportunity in investing in emerging market bonds which offer higher yields than developed markets. The fund aims to generate consistent risk-adjusted returns through a diversified portfolio of emerging market corporate and sovereign bonds, using rigorous due diligence and risk management practices. It has achieved strong historical performance since inception in 2009.
Luxury Goods Industry
This is a project that I did while on exchange in Paris, France. The project is an analysis on the Luxury Goods Industry and the Globalization opportunities/challenges it is facing.
Just What Is A Hedge Fund, Anyways Gpseg
With all of the recent media attention surrounding hedge funds, there are bound to be some misconceptions regarding the hedge fund industry. Dick Hooey led a stimulating discussion surrounding the evolution of this esoteric investment vehicle and tried to answer the question “Just what is a Hedge Fund, anyways?”. Dick is a strategic minded finance executive with expertise in valuation and decision support analyses of transactions including acquisitions and new business ventures in consulting and corporate environments. In addition, Dick has 13 years experience managing a market neutral equity portfolio representing capital in excess of $100 million for a leading billion dollar hedge fund.
Similar to LVMH (20)
GCF - Présentation Cosmetics & Fragrances - 1022.pdf
GCF - Présentation Cosmetics & Fragrances - 1022.pdf
GCF - Présentation Cosmetics & Fragances - 0922 .pdf
GCF - Présentation Cosmetics & Fragances - 0922 .pdf
Globalization major forces is kind of components of global running business o...
Globalization major forces is kind of components of global running business o...
GCF - Présentation Cosmetics & Fragances - 0922 .pdf
GCF - Présentation Cosmetics & Fragances - 0922 .pdf
Conglomerate Diversification - ITC, Strategy formulation, 2013
Conglomerate Diversification - ITC, Strategy formulation, 2013
More from Lancaster University Investment and Finance Society
Equity residential
This document discusses an analysis of real estate investment trusts (REITs) American Tower (AMT), Crown Castle (CCI), and Equity Residential (EQR). It provides an overview of the real estate sector, the investment choices for the fund, and analyses including fundamental, quantitative, strategic, and environmental, social and governance (ESG). The key takeaways are that EQR has the best quantitative data with lower volatility and higher returns than peers, strongest ESG performance, and a positive strategic outlook with growth opportunities.
Energy brookfield
This document provides an overview of Brookfield Renewable Partners, a Canada-based renewable energy company. It summarizes the company's operations, ownership structure, strategies, and financial performance. The company generates most of its revenue from hydroelectric power in North America but is expanding into wind, solar, and other global markets. It has over $8 billion in market capitalization and is majority owned by Brookfield Asset Management. The document also analyzes the company's competitors and provides a technical analysis of its stock performance.
Disney
This document provides an overview and analysis of The Walt Disney Company across several areas. It begins with a brief overview of Disney's business segments, including media networks, parks and products, studio entertainment, and direct-to-consumer. It then analyzes the media sector and Disney's competitors. Key financial details are presented, including revenue breakdown by segment and stock performance. Valuation models like DCF and Monte Carlo simulation are discussed. Finally, Disney's ESG policies, a SWOT analysis, and investment rationale are covered.
ING
ING is a global retail and wholesale bank operating in over 40 countries with 38.4 million customers. It has a diversified business model including funds transfer, securities, insurance brokerage, asset management, and advisory services. ING has implemented strategies to reduce its environmental impact such as increasing renewable energy usage and decreasing carbon emissions and waste. Financial analysts predict that ING's stock price will continue an uptrend in the medium term and downtrend in the long term based on technical analysis.
UBS (Irl) ETF plc - MSCI United Kingdom IMI Socially Responsible UCITS ETF (GBP)
UBS (Irl) ETF plc - MSCI United Kingdom IMI Socially Responsible UCITS ETF (GBP)Lancaster University Investment and Finance Society
1. The document discusses an MSCI ESG methodology that excludes securities from companies involved in activities like nuclear power, tobacco, and weapons, and applies a best-in-class selection process to the remaining universe.
2. It provides qualitative and quantitative analysis of a UBS ETF that tracks the MSCI UK IMI Socially Responsible Index, including top holdings, performance metrics, and charts comparing it to benchmarks.
3. The conclusion examines the ETF's strengths in gaining investor attention and potentially stronger performance through governance, as well as weaknesses like lower diversification from exclusions and caps limiting gains.Spirax sarco engineering
Spirax-Sarco Engineering PLC is a global engineering group focused on steam management and fluid path technologies. The presentation analyzed the company's business description, industry, competitive position through key ratios, and provided a valuation. Spirax-Sarco has leading positions in niche markets, a global direct sales model, and benefits from non-cyclical revenue drivers. While the company has strong profitability and returns, macroeconomic risks and currency fluctuations present challenges. Overall, the presentation recommended a "HOLD" given the current market valuation relative to an intrinsic value range of £5-6 billion.
Howden joinery group plc
The document provides an overview of Howden Joinery Group plc, a UK-based manufacturer and supplier of kitchens. It discusses Howden's business model, history, market, competitors, and financials. An analysis of the industrials sector and UK kitchen industry is also given. The document evaluates Howden's strengths, weaknesses, opportunities, and threats. Valuation models estimate Howden's fair value at £7.52 per share, suggesting it is undervalued and represents a buy.
Republic services stock pitch
Republic Services is a leading U.S. recycling and waste disposal company. It has a large collection network across the country and has grown through acquisitions. The waste management industry faces opportunities from growing waste volumes but also costs from stricter regulations and competition. Technical analysis of Republic Services found most indicators point to a buy while Monte Carlo simulations showed a roughly even split between the stock finishing above or below the current price.
More from Lancaster University Investment and Finance Society (9)
UBS (Irl) ETF plc - MSCI United Kingdom IMI Socially Responsible UCITS ETF (GBP)
UBS (Irl) ETF plc - MSCI United Kingdom IMI Socially Responsible UCITS ETF (GBP)
Recently uploaded
MRS PUNE 2024 - WINNER AMRUTHAA UTTAM JAGDHANE
Amruthaa Uttam Jagdhane, a stunning woman from Pune, has won the esteemed title of Mrs. India 2024, which is given out by the Dk Exhibition. Her journey to this prestigious accomplishment is a confirmation of her faithful assurance, extraordinary gifts, and profound commitment to enabling women.
MISS TEEN LUCKNOW 2024 - WINNER ASIYA 2024
In the dynamic city of Lucknow, known for its wealthy social legacy and authentic importance, a youthful star has developed, capturing the hearts of numerous with her elegance, insights, and eagerness. Asiya, as of late delegated as the champ from Lucknow for Miss Youngster India 2024 by the DK Pageant, stands as a confirmation of the monstrous ability and potential dwelling inside the youth of India. This exceptional young lady is a signal of excellence and a paragon of devotion and aspiration.
Biography and career history of Bruno Amezcua
Bruno Amezcua's entry into the film and visual arts world seemed predestined. His grandfather, a distinguished film editor from the 1950s through the 1970s, profoundly influenced him. This familial mentorship early on exposed him to the nuances of film production and a broad array of fine arts, igniting a lifelong passion for narrative creation. Over 15 years, Bruno has engaged in diverse projects showcasing his dedication to the arts.
Insanony: Watch Instagram Stories Secretly - A Complete Guide
Welcome to the world of social media, where Instagram reigns supreme! Today, we're going to explore a fascinating tool called Insanony that lets you watch Instagram Stories secretly. If you've ever wanted to view someone's story without them knowing, this blog is for you. We'll delve into everything you need to know about Insanony with Trending Blogers!
Self-Discipline: The Secret Weapon for Certain Victory
Amid the constant barrage of distractions and dwindling motivation, self-discipline emerges as the unwavering beacon that guides individuals toward triumph. This vital quality serves as the key to unlocking one’s true potential, whether the aspiration is to attain personal goals, ascend the career ladder, or refine everyday habits.
Understanding Self-Discipline
thrifthands-thrift store- get the latest trends
Get the latest trends & designer brands at unbeatable prices with Thrift stores. Elevate your style affordably.
The Fascinating World of Bats: Unveiling the Secrets of the Night
The Fascinating World of Bats: Unveiling the Secrets of the Night
Bats, the mysterious creatures of the night, have long been a source of fascination and fear for humans. With their eerie squeaks and fluttering wings, they have captured our imagination and sparked our curiosity. Yet, beyond the myths and legends, bats are fascinating creatures that play a vital role in our ecosystem.
There are over 1,300 species of bats, ranging from the tiny Kitti's hog-nosed bat to the majestic flying foxes. These winged mammals are found in almost every corner of the globe, from the scorching deserts to the lush rainforests. Their diversity is a testament to their adaptability and resilience.
Bats are insectivores, feeding on a vast array of insects, from mosquitoes to beetles. A single bat can consume up to 1,200 insects in an hour, making them a crucial part of our pest control system. By preying on insects that damage crops, bats save the agricultural industry billions of dollars each year.
But bats are not just useful; they are also fascinating creatures. Their ability to fly in complete darkness, using echolocation to navigate and hunt, is a remarkable feat of evolution. They are also social animals, living in colonies and communicating with each other through a complex system of calls and body language.
Despite their importance, bats face numerous threats, from habitat destruction to climate change. Many species are endangered, and conservation efforts are necessary to protect these magnificent creatures.
In conclusion, bats are more than just creatures of the night; they are a vital part of our ecosystem, playing a crucial role in maintaining the balance of nature. By learning more about these fascinating animals, we can appreciate their importance and work to protect them for generations to come. So, let us embrace the beauty and mystery of bats, and celebrate their unique place in our world.
Analysis and Assessment of Gateway Process – HemiSync(1).PDF
This paper analyses and assesses the process of Gateway methods of excercise
一比一原版(McGill毕业证书)麦吉尔大学毕业证如何办理
学校原件一模一样【微信：6496090 】【(McGill毕业证书)麦吉尔大学毕业证成绩单】【微信：6496090 】学位证，留信认证（真实可查，永久存档）原件一模一样纸张工艺/offer、雅思、外壳等材料/诚信可靠,可直接看成品样本，帮您解决无法毕业带来的各种难题！外壳，原版制作，诚信可靠，可直接看成品样本。行业标杆！精益求精，诚心合作，真诚制作！多年品质 ,按需精细制作，24小时接单,全套进口原装设备。十五年致力于帮助留学生解决难题，包您满意。
本公司拥有海外各大学样板无数，能完美还原。
1:1完美还原海外各大学毕业材料上的工艺：水印，阴影底纹，钢印LOGO烫金烫银，LOGO烫金烫银复合重叠。文字图案浮雕、激光镭射、紫外荧光、温感、复印防伪等防伪工艺。材料咨询办理、认证咨询办理请加学历顾问Q/微6496090
【主营项目】
一.毕业证【q微6496090】成绩单、使馆认证、教育部认证、雅思托福成绩单、学生卡等！
二.真实使馆公证(即留学回国人员证明,不成功不收费)
三.真实教育部学历学位认证（教育部存档！教育部留服网站永久可查）
四.办理各国各大学文凭(一对一专业服务,可全程监控跟踪进度)
如果您处于以下几种情况：
◇在校期间，因各种原因未能顺利毕业……拿不到官方毕业证【q/微6496090】
◇面对父母的压力，希望尽快拿到；
◇不清楚认证流程以及材料该如何准备；
◇回国时间很长，忘记办理；
◇回国马上就要找工作，办给用人单位看；
◇企事业单位必须要求办理的
◇需要报考公务员、购买免税车、落转户口
◇申请留学生创业基金
留信网认证的作用:
1:该专业认证可证明留学生真实身份
2:同时对留学生所学专业登记给予评定
3:国家专业人才认证中心颁发入库证书
4:这个认证书并且可以归档倒地方
5:凡事获得留信网入网的信息将会逐步更新到个人身份内，将在公安局网内查询个人身份证信息后，同步读取人才网入库信息
6:个人职称评审加20分
7:个人信誉贷款加10分
8:在国家人才网主办的国家网络招聘大会中纳入资料，供国家高端企业选择人才
办理(McGill毕业证书)麦吉尔大学毕业证【微信：6496090 】外观非常简单，由纸质材料制成，上面印有校徽、校名、毕业生姓名、专业等信息。
办理(McGill毕业证书)麦吉尔大学毕业证【微信：6496090 】格式相对统一，各专业都有相应的模板。通常包括以下部分：
校徽：象征着学校的荣誉和传承。
校名:学校英文全称
授予学位：本部分将注明获得的具体学位名称。
毕业生姓名：这是最重要的信息之一，标志着该证书是由特定人员获得的。
颁发日期：这是毕业正式生效的时间，也代表着毕业生学业的结束。
其他信息：根据不同的专业和学位，可能会有一些特定的信息或章节。
办理(McGill毕业证书)麦吉尔大学毕业证【微信：6496090 】价值很高，需要妥善保管。一般来说，应放置在安全、干燥、防潮的地方，避免长时间暴露在阳光下。如需使用，最好使用复印件而不是原件，以免丢失。
综上所述，办理(McGill毕业证书)麦吉尔大学毕业证【微信：6496090 】是证明身份和学历的高价值文件。外观简单庄重，格式统一，包括重要的个人信息和发布日期。对持有人来说，妥善保管是非常重要的。
Types of Garage Doors Explained: Energy Efficiency, Style, and More
At Affordable Garage Door Repair, we specialize in both residential and commercial garage door services, ensuring your property is secure and your doors are running smoothly.
Recently uploaded (11)
Insanony: Watch Instagram Stories Secretly - A Complete Guide
Insanony: Watch Instagram Stories Secretly - A Complete Guide
Self-Discipline: The Secret Weapon for Certain Victory
Self-Discipline: The Secret Weapon for Certain Victory
The Fascinating World of Bats: Unveiling the Secrets of the Night
The Fascinating World of Bats: Unveiling the Secrets of the Night
Analysis and Assessment of Gateway Process – HemiSync(1).PDF
Analysis and Assessment of Gateway Process – HemiSync(1).PDF
Types of Garage Doors Explained: Energy Efficiency, Style, and More
Types of Garage Doors Explained: Energy Efficiency, Style, and More
LVMH
- 1. Consumer Discretionary Team Sammy, Laura, Isaak, Muna & Piotr
- 2. Consumer Discretionary Sector Our sector has been hit significantly by Coronavirus concerns. Quite heavily reliant on the Chinese and Asian market for consumer demand. A slow down there in consumer spending has major implications for our sector. Looking at what the impacts of Hong Kong 'money in your pocket' scheme will have on spending
- 3. Performance- Our Investments KERING DOWN ABOUT 6% :(
- 4. LVMH is a French multinational luxury goods conglomerate headquartered in Paris. It controls around 60 subsidiaries that each manage a small number of prestigious brands. LVMH is the largest market capitalization in France, and now in the Euro zone, with a record of $220 billion on January 17, 2020. Revenue for 2019: €53.7 billion EUR; with an organic revenue growth of 10%
- 6. Shareholder structure Shareholders Percentage Arnault Family Group 47,20% Foreign institutional investors 35,80% French institutional investors 11,60% Individuals 5,00% Treasury Bonds 0,40% (LVHM, 2020)
- 7. Competitors
- 14. DCF WACC= 7% Perpetuity Growth= 2.5% Enterprise Value= 227.23 Equity Value= 227,168 Shares Outstanding = 505 M Estimated Value per share= 407.65 Current Price= 369.85 10%
- 15. ESG/CSR • ''Luxury is born from invention and the hand of man. It works to exalt nature in its purest and most beautiful form. Sustainable development is inseparable from LVMH’s strategy'' Commitments to this strategy:
- 16. SWOT Analysis Strengths: Weaknesses: Threats: Over-reliance on Japanese market Reduced ability to look at other markets Niche market Intense competition Impact of coronavirus Negative global economic predictions Strong brand with global presence Positive financial position Exclusive products (differentiation) Numerous prestigious brands Opportunities: Growing market potential Rise in per capita income
- 23. Rationale • Current climate- We have no real winners! • We've gone for a stock that has a proven track record • Is one of the biggest in the sector in terms of market share and revenue size • Diverse product range across clothing, watches and Jewlery and spirits and wines appeals to us • Tiffany acquisition • Although 1st quarter numbers likely to be down- believe in its strong fundamentals • Relatively undervalued when compared to other companies in the sector
- 24. Q&A