French fashion designer Thierry Hermes founded Hermes International SA (XPAR:RMS) in 1837, and the brand quickly gained popularity for its carefully crafted leather saddles. The company is famous for its introduction (in 1922) of the first-ever leather bags for people, rather than for horses.

The “modern” Hermes designs, manufactures and markets ultra-luxury goods, with specialization in leather goods and saddlery (50% of first-half 2019 sales), ready-to-wear and accessories (23% of sales), silk and textiles (8%) and perfumes (5%). Although it is a French business, the company generates a significant portion of its revenue from the Asia Pacific region (40% of

Shareholders of the following stocks are satisfied with their holdings so far as they have been rewarding with substantial gains over the past several years.

The main driver has been either the payment of dividends or a marked ability of the company to generate higher than expected earnings.

Either a high profitability rating received from GuruFocus which increases the likelihood that the business will stay profitable for several years, or a long history of dividends paid will be the leitmotif which will continue to drive share prices up over the next couple of years.

Wall Street supports this expectation with

French luxury goods company, Christian Dior (XPAR:CDI), was up approximately 18% during the quarter, rebounding from a two-year slump due to China’s economic slowdown and the government’s anti-corruption movement to dissuade displays of wealth. In the second half of 2016, China’s penchant for fashion and leather goods renewed, with sales at the fastest pace in more than a year. LVMH, of which Christian Dior owns 41%, successfully took control of family-owned luxury luggage maker Rimowa in Germany. International Gaming Technology (IGT), the Italian gaming and lottery company, continued its winning streak, recording good gaming revenues on the back of

GuruFocus publishes the implied future returns for the 18 largest stock markets in the world, which can be found on the Global Market Valuation page under the Market tab.

These market valuations are measured by the ratio of total market cap to GDP. As of Nov. 5, of the 14 markets listed in the valuations of developed countries, the projected annual return for the U.S. market is 0.6%, beating only Japan at 0.5%.

Italy and Netherlands take the third and fourth spots for projected annual return, at 7.6% and 7.1%, respectively. Looking at the rankings, it’s apparent that several