Now, one of the challenges here is that unlike a mono-brand business like Hermes, the diversity of LVMH means it's a very complex beast to manage. And I think that might also create challenges when it comes to succession. I hear some people actually suggesting that it may be too complex and difficult to manage as an integrated entity once Mr. Arnault no longer in his position. Who knows five or 10 or 15 years down the road whether we'll see some sort of breakup or split of the business? That's too early to speculate on.

$LVMH MOET HENN(LVMHF)$ $CHRISTIAN DIOR(CHDRF)$ $路易威登(LVMUY)$