Fashion’s cultural resurgence tripled luxury conglomerate LVMH’s stock price by 2015

Evidence

By the mid-2010s, fashion had returned to the center of culture. Bloggers had democratized access to sartorial knowledge, rappers delved deep into the worlds of luxury and streetwear, and high-end brands reaped the rewards of this renewed interest. By early 2015, the stock price of luxury conglomerate LVMH more than tripled from its Great Recession low. — W. David Marx, Blank Space, 408