Matisse Cappon obtained his M.Sc. in Finance & Risk Management from Ghent University with distinction in 2023, after which, at the same university, he completed the Advanced M.Sc. in Banking & Finance. His master's thesis dealt with the subject of market timing, for which a collaboration was established with Nationale Nederlanden. In November 2024, Matisse joined Econopolis as an equity analyst within the fund team.
Fiery Flash: LVMH
The world’s largest luxury company, LVMH, faced the cancellation of its Watch Week event in Los Angeles due to wildfires. However, there was positive news for shareholders as the company’s stock surged by approximately 8% over the past five days. This rally was driven by a mix of company-specific and sector-wide developments. Notably, analysts at Bank of America upgraded LVMH’s stock, raising its 2025 EBIT forecast by 1% due to favorable foreign exchange trends and boosting EPS projections by 6%.
Meanwhile, Richemont, another heavyweight in the large-cap luxury sector, reported a remarkable 10% revenue growth at constant exchange rates, far surpassing the 1% increase analysts had anticipated. The Swiss group, which owns prestigious brands such as Cartier and Van Cleef & Arpels, saw its stock price skyrocket by 15% in a single day. This performance was fueled by strong sales in Europe and the US. Investors are now extrapolating Richemont’s robust fourth-quarter results to other luxury players, including French counterparts Hermès, Kering, and LVMH, suggesting broader strength in the sector.
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