LVMH shares down 8% How does Rolex still stay on top Of the luxury market ?

[Dhiren]

https://flip.it/ayFdxC

The luxury market worldwide has taken a beating but I don’t see Rolex following that trend why ? It defies logic


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[Divingdeep87]

You never know.

[Pw92676]

IMO metrics like this enter the mind stock owners but not necessarily share holders. Bernard Arnault and Rolex don’t make decisions based on trends, they set them. And that’s what keeps them at the top.

[macrowatch]

And Richemont is down about 30% but Hermes is up before Covid highs and China demand is a strong when looking at sales by region.

Top brands get stronger, weaker brands may not make it.

[ADR1982]

How do you know how well rolex is doing for a fair comparison? If youre going by waitlist watches, that may not be a good representation of company peformance on ghe whole

[Dhiren]

Originally Posted by ADR1982

How do you know how well rolex is doing for a fair comparison? If youre going by waitlist watches, that may not be a good representation of company peformance on ghe whole

Very Valid point that’s that’s the only Metric I am going .... by the scarcity


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[Dhiren]

Originally Posted by Pw92676

IMO metrics like this enter the mind stock owners but not necessarily share holders. Bernard Arnault and Rolex don’t make decisions based on trends, they set them. And that’s what keeps them at the top.

True


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[Robf52]

Originally Posted by Pw92676

IMO metrics like this enter the mind stock owners but not necessarily share holders. Bernard Arnault and Rolex don’t make decisions based on trends, they set them. And that’s what keeps them at the top.

Well said.