2019 was a strong year for LVMH and its owner, Bernard Arnault. They acquired Tiffany & Co. for 16.2 billion USD, opened a third LV factory in the US (the world’s largest luxury market) and ended the year 82 billion USD up in terms of market value. You would therefore expect more of the same in 2020 – but it remains to be seen though how the global economy will recover from the ramifications of COVID-19.