Last week I further increased my position in $MC (+1.78%) further expanded.
The luxury sector is currently still under pressure. In particular, weaker demand in China and the generally subdued consumer environment are weighing on business development. In my view, however, it is precisely these uncertainties that have led to the share now being valued much more attractively than a few years ago.
For me, the company remains $MC (+1.78%) a high-quality company with strong brands, a solid market position and a long history of profitable growth. Even if the coming quarters could continue to be challenging, I believe in the long-term strength of the business model and the global demand for premium and luxury goods.
I have therefore used the current weakness to further expand my existing position.
~ No investment advice ~
