Shares of French luxury goods kingpin LVMH (LVMUY) (or Moët Hennessy Louis Vuitton) are under a bit of pressure of late, now down around 15% from their all-time high hit back in July. That said, the high-end retailer has been remarkably resilient, even in the face of headwinds hitting consumer wallets.
The consumer has faced pressure throughout the year, but not all corners of the discretionary goods scene have felt the pain evenly. Some, like LVMH, have seemed mostly immune to the macro and inflationary pressures weighing on the average consumer's spending ability.
