LVMH Moet Hennessy Louis Vuitton SE (LVMH.PA)
Latest Key Developments (Source: Significant Developments)
LONDON (Reuters Breakingviews) - LVMH is coming round to a “small is beautiful” mindset. The luxury group attained its 94 billion euro market capitalisation via an M&A spree a decade ago, but is now changing tack. Investing in small, promising startups is worth a go – but French peers Danone and L’Oreal already tried something similar.