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Novo Nordisk, probably. But surely LVMH's revenue is very diversified globally? The Middle-East and Asia are big markets for them. On top of that they're luxur
by jjani 2y ago
Novo Nordisk, probably. But surely LVMH's revenue is very diversified globally? The Middle-East and Asia are big markets for them.
On top of that they're luxury goods, their bought for their prestige. Barely anyone uses AWS for such reasons. Good luck convincing the wealthy in the US that some new US brand is a good replacement for their Louis Vuitton bags, Moët champagne and Bulgari watches.
The US has lots of ultra-luxury services, but very little such manufacturing.
- pjc50 2y ago> Good luck convincing the wealthy in the US that some new US brand is a good replacement for their Louis Vuitton bags, Moët champagne and Bulgari watches. Depends how far the culture war goes.
- jjani 2y agoI said it even with that in mind :) MAGA makes up a smaller part of the wealthy than may often be assumed. That group doesn't play by such rules, and is very used to getting what they want.
- windward 2y agoYou are correct, and I am being facetious. I would still rather we produce things like AWS, however. While it's more substitutable, it is so because the value is more rational and inherent.