LVMH is the world’s leading luxury goods group with numerous well-known brands across a variety of segments: Wines and Spirits, Fashion and Leather Goods, Perfume and Cosmetics, Watches and Jewelry and Selective Retailing. Its most prestigious brands include Louis Vuitton, Fendi, Givenchy, Stella McCartney, Celine, Sephora and TAG Heuer. Read
Never let a good crisis go to waste.
Russia has now shut off gas to Europe (figure 1). The timing could not be worse as it follows a summer of heat waves and droughts as well as a large French nuclear power maintenance cycle. It is clear that Putin is trying to tighten the financial noose around the West and equally clear that his strategy is having an impact as protests erupt in Europe over rising electricity costs. Europe has attempted to front run the shut-off by limiting industrial usage and buying every LNG cargo available (LNG imports were up 190% year-to-date through July 2022). Read
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