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Given the tentative recovery of tourism in Europe as well as continued strong progress in Asia and the US, this prediction could well be on target. Furthermore, the continued resilience of LVMH's brands means it is well positioned to benefit from any upturn in European tourism spending.
Nonetheless, LVMH should beware of banking too much on any one market. Any downturn in US or Chinese consumer spending over the next two years would hit luxury goods manufacturers hard, demonstrating the need to maintain a wide geographical spread. European growth remains slow and LVMH should aim for continued acceleration in sales in this market...
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