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Of course pension funds are a big part of any large-cap company’s shareholder base. But I wouldn’t be surprised if on a proportional basis LVMH’s customers are
by zztop44 3y ago
Of course pension funds are a big part of any large-cap company’s shareholder base. But I wouldn’t be surprised if on a proportional basis LVMH’s customers are less well off than their shareholders.
- mypastself 3y agoThat’s quite possible, but the stock price rose along with increased revenue. Revenue is used to pay salaries, and it‘s also spent on taxes at a higher rate than in the U.S. So in this case, consumption by a wealthy customer base benefits a broader population as well. The wealth actually does “trickle down” to an extent.