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SMDH LVMH
Luxury fashion house Luis Vuitton-Moet Hennessy and its chairman have recently become poster-boys for the ugliness of capitalism. SOLOMON HUGHES explains why
The Louis Vuitton store on New Bond Street, London
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IT’S KIND of reassuring that whenever a new figurehead for all that is wrong with global capitalism appears, there are also British politicians working in the background for the bad guys.
So with luxury goods firm LVMH and its chairman Bernard Arnault. In LVMH the L and V are for Luis Vuitton, the high-end fashion house which will sell you a handbag for £3,000.
The M and H are for top-dollar drinks firm Moet Hennessy, which will sell you champagne and cognac.
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