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.