Why Does Louis Vuitton Like a Weaker Euro?

Investor's Business Daily - Investing RSS http://ift.tt/1Ev1Aim In an article published January 31, 2013, Bernard Arnault, the chief executive of LVMH, was quoted as saying, "The cloud on the horizon … is the evolution of currencies, [and a strong euro] would have an impact on French exporters and for our group …" These were prescient remarks. On this date the euro was at about $1.36, and it was in a general strengthening trend through about the first half of 2014--not helpful for European multinationals looking for