Bidness Etc has picked five American Depository Receipts (ADRs) - or foreign domiciled stocks - which are trading in the US over-the-counter (OTC) market. The names are: LVMH Moet Hennessy Louis Vuitton SA (LVMUY), Adidas Group AG (ADDYY), Compagnie Financiere Richemont SA (CFRUY), Swatch Group Ltd (SWGAY), and Burberry Group Plc (BURBY). Let’s have a quick look at the performance of these apparel, textile and luxury sector players, whose globally recognized brands have enabled the companies to post strong financial results over time.
LVMH Moet Hennessy Louis VuittonLVMH Moet Hennessy Louis Vuitton is a French conglomerate housing over 60 prestigious brands such as Christian Dior, Loewe, Tag Heuer, Bulgari, and De Beers. The company’s namesake brand Louis Vuitton, a division of LVMH, is the most valuable global luxury brand according to a study by BrandZ. It outranked all other luxury brands for the eighth consecutive year, even though its brand value has declined 12% from $25.9 billion in 2012 to $22.7 billion in 2013. The brand, easily identified by its LV trademark embossed on laminated canvas handbags, is number ten on the Forbes list of the World's Most Valuable Brands, but remains at the top in the luxury category.
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