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I believe those luxury brands inflated market value is mostly the result of sophisticated money laundering operations by European organized crime. Once you deta

I believe those luxury brands inflated market value is mostly the result of sophisticated money laundering operations by European organized crime. Once you detach an object's value from it's utility and production costs, there's no limit to how much profit you can claim from it. That's a very nice feature if you're looking to reintroduce dirty money into the system.

raverbashing 4y ago
Interesting assumption, note the US is its biggest market (scroll down) https://www.lvmh.com/investors/profile/financial-indicators/#activite https://www.lvmh.com/investors/profile/financial-indicators/...