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Better Buy: LVMH vs. Richemont

Better Buy: LVMH vs. Richemont

LVMH (OTC: LVMUY) and Richemont (OTC: CFRH.F) are two of the bellwethers of that resilient industry. LVMH's European shares have declined just 3% this year, while Richemont's shares have pulled back by about 16%. Paris-based LVMH is the world's largest luxury company.