LVMH Expert Insight Interview (No Paywall)
Prada Board Member on the Luxury Industry
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LVMH has rallied +40% from summer lows.
Were fears of a paradigm shift in luxury overblown, or are investors overlooking key risks?
To dig deeper, I sat down with Claire Kent, an advisor and former board member of Prada, to discuss how the luxury landscape is evolving and what investors should be paying attention to.
You can watch this conversation for free in the link below!
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“It’s not about selling products, it’s about influencing culture.” - Claire Kent, Advisor and Former Board Member at Prada
Founded in 1913 in Milan, Prada is an Italian luxury house known for clothing, leather goods, footwear, and accessories that blend a sophisticated aesthetic with experimental and unconventional styles. Prada operates 632 boutiques and owns brands such as Miu Miu and Church’s.
“Everything boils down to not understanding your DNA, that is the number one problem when luxury companies go off the rails, is failing to appreciate and capture their DNA and just going off in a sort of direction which doesn’t embrace their DNA.” -Claire Kent, Advisor and Former Board Member at Prada
Thank you again to AlphaSense for making this happen!
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And for more on LVMH, check out our last recap on them here.
*At the time of this writing, one or more contributors has a position in LVMH. Furthermore, accounts one or more contributors advise on may also have a position in LVMH. This may change without notice.