Why Does Louis Vuitton Like a Weaker Euro?
February 26, 2015 at 12:00 PM EST
In an article published January 31, 2013, Bernard Arnault, the chief executive of LVMH1, was quoted as saying, “The cloud on the horizon … is the evolution of currencies, [and a strong euro] would have an impact on French exporters and for our group …”2 These were prescient remarks. On this date...