hereafter referred to as LVMH

ecurities you sought to invest in would always be fairly priced. But, history has shown time and again that the global capital markets are anything but efficient. And it is these inefficiencies that have created untold billions in wealth around the world. In this article, we wish to highlight another such inefficiency, this time taking place in France. otential, he felt that she was too young for his designs. Instead he introduced her to Madame Elspeth Champcommunal, the head designer at Worth, who happened to be looking for a young model to replace one who had just left. In 1951 Jean married Major cheap hermes bagHugh Bruce, a Royal Marines officer who had spent most of the war in

Colditz after being capturas easy to confuse Shanghai’s recently held Central Studios Autumn Fair with a flea market in Brooklyn. Now in its fourth year, the biannual shopping fair was comprised of wares from vintage purveyors and new designers alike, including French expatriate Marion Rosset (The Hat Lab) and Shanghai sunglasses designer Yuan Zhou (ChairEyes). DJ booths and local food and drink added to the festive hipster scene. Many of the world's leading luxury brands (both publicly traded and privately held) are based in France, including Chanel, Yves Saint Laurent, and Hermes. Towering above them all is Louis Vuitton, the crown jewel of LVMH Moët Hennessy Louis Vuitton

 (OTC:LVMUY), the world's largest luxury company (hereafter referred to as LVMH). Many investors in Louis Vuitton, as well as observers of the Hermes constance handbagfashion industry, are aware that Bernard Arnault, the wealthiest person in France and one of the wealthiest people in the world, with a fortune of over $33 billion, controls LVMH. However, a far smaller number of people