LVMH Moet Hennessy Louis Vuitton

LVMH Moët Hennessy Louis Vuitton SE engages in the manufacture of luxury goods. It operates through the following business segments: Wines & Spirits, Fashion & Leather Goods, Perfumes & Cosmetics, Watches & Jewelry, Selective Retailing, and Other Activities & Eliminations. The Wines & Spirits segment produces and sells high quality champagne wines and sparkling wines. It also distributes vodka and white liquor. The Fashion & Leather Goods segment engages in the manufacture of luggage items, bags, accessories, shoes and clothes. The Perfumes & Cosmetics segment engages in the production and distribution of make-up, perfume and skin care products. The Watches & Jewelry segment manufactures luxury watches and accessories for men and women. It specializes in the field of chronographs and ultimate precision. The Selective Retailing segment is organized to promote an environment that is appropriate to the image and status of the luxury brands. It engages in the sale of luxury products to international travelers and on board cruise ships. This segment also manages beauty stores that combine direct access and customer assistance to customers. The Other Activities & Eliminations segment includes media division. It publishes newspapers and magazines, manages business and financial websites and holds radio stations. This segment also engages in the real estate industry and builds luxury yachts. The company was founded on January 1, 1987 and is headquartered in Paris, France.

Beyoncé is entering the luxury liquor business with the launch of a new whiskey line, dubbed SirDavis, in collaboration with LVMH's Moët Hennessy. Louis Vuitton's wine and spirits division is looking to expand in the American whiskey market.

Beyoncé launches whiskey line with LVMH's Moët Hennessy

LVMH stock price remained stagnant for 3.5 years, but potential recovery is expected due to strong competitive advantage and historical brand dominance. China's economic slowdown impacting LVMH's growth, with Chinese consumers buying in Japan due to lower prices, leading to a geographic revenue shift. Valuation multiples suggest an evident undervaluation; the DCF model suggests the company is fairly valued.

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Louis Vuitton Moët Hennessy (LVMH) is investing 150 million euros ($163 million) in the Paris 2024 Olympic and Paralympic Summer Games. LVMH is leading a wave of luxury fashion entering the sports world, with partners like Naomi Osaka and Victor Wembanyama.

LVMH puts mark on Olympics as luxury brands embrace sports

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LVMH's second-largest fashion brand Dior was until last month behind on disclosures required by UK law about working conditions in its supply chain, and made outdated statements on its website of a third-party certification that it terminated more than a year ago, Reuters has found.

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Brands like Starbucks, LVMH, and L'Oreal struggled in China last quarter as consumer spending dropped. Chinese consumers are saving more and spending on experiences over products.

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Bernard Arnault, France's wealthiest man and chief executive of luxury group LVMH , paid some 150 million euros ($163 million) to be the premium sponsor of the Paris Olympics'. At the Games' opening ceremony, his wares were placed front and centre of an extravaganza viewed by a global audience.

LVMH's luxury wares earn top billing at Olympics opening

LVMH's sponsorship deal took a year of negotiations and ultimately landed at about $160 million of investment from the parent company of brands like Loewe, TAG Heuer and Dom Perignon. The partnership is on display throughout the 2024 Paris Olympic Games, which officially kicks off on Friday.

LVMH CEO Bernard Arnault says Olympics sponsorship honors the spirit of France

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LVMH reported expectedly weak interim results yesterday, further confirming the ongoing slowdown in the luxury market. Despite weakness in reported revenues and profits, however, pockets of positivity exist. Organic revenue managed to grow, margins are still strong and the US market is resilient. Further price drop will soon make LVMH attractive once again. For now though, further erosion of investor capital is likely.

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The problems continue to pile up for global luxury bellwether LVMH, this time in the wine and spirits division. First-half results show a 9% year-over-year decline in organic liquid sales in the period, driven by weak local demand and destocking in China, as well as lower demand in Europe and the US​​.

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LVMH's (LVMUY) second-quarter results, with tepid sales disappointing investors, showed that the pullback by consumers on high-end items and cooling Chinese spending is affecting even the world's largest luxury firm.

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After a tough few weeks of market action, the French luxury stocks seemed to have found themselves in the bargain bin. Indeed, the macroenvironment has been far from perfect for high-end luxury product companies.

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LVMH is continuing to spend big on marketing in China even amid the country's economic gloom. Chinese luxury consumers are still spending, but they're going to Japan due to the weak yen.

LVMH is waiting for China's consumers to shop at home

LVMH Moët Hennessy Louis Vuitton shares fell on Wednesday on fears the luxury conglomerate is starting to be hit by the wider slowdown in the market for expensive goods after it reported a slump in second quarter sales.

LVMH shares slump on signs the post-COVID luxury boom is over

Shares in LVMH fell on Wednesday after the luxury group on Tuesday released its earnings for the first half of 2024.

World's largest luxury group LVMH slumps 5% after second-quarter revenue miss

Shares in French luxury giant LVMH dropped more than 4% at the market open on Wednesday after the company reported second-quarter sales growth below consensus estimates.

LVMH shares slump 4% after missing Q2 estimates

LVMH Moet Hennessy Louis Vuitton SE (OTCPK:LVMHF) Q2 2024 Earnings Conference Call July 23, 2024 12:00 PM ET Company Participants Rodolphe Ozun - Director of Financial Communications Jean-Jacques Guiony - CFO Conference Call Participants Luca Solca - Sanford Bernstein Thomas Chauvet - Citi Chiara Battistini - J.P. Morgan Edouard Aubin - Morgan Stanley Erwan Rambourg - HSBC Louise Singlehurst - Goldman Sachs Antoine Belge - Exane BNP Paribas Carole Madjo - Barclays Rogerio Fujimori - Stifel Zuzanna Pusz - UBS Charles-Louis Scotti - Kepler Piral Dadhania - RBC Liwei Hou - CICC Chris Gao - CLSA Rodolphe Ozun Ladies and gentlemen, good afternoon and welcome to today's conference call.

LVMH Moet Hennessy Louis Vuitton SE (LVMHF) Q2 2024 Earnings Call Transcript

LVMH plans to speed up its supply chain strategy and strengthen audits and controls, chief financial officer Jean-Jacques Guiony said on Tuesday, in the wake of investigations into an Italian subsidiary of the French luxury giant.

LVMH to intensify audits and controls at suppliers, says CFO

Luxury goods giant LVMH's latest earnings showed resilience with 2% organic growth in the first half of 2024, but the market leader fell short of analyst estimates and last year's revenue amid a slowdown in luxury fashion.

LVMH Falls Short In First Half Of 2024 Amid Luxury Slowdown

LVMH sales growth slowed in the second quarter as Chinese shoppers reined in spending on high-end fashion at home, even as demand in Western markets slightly picked up.

LVMH sales miss estimates as Chinese market slows

Paris, July 23, 2024 LVMH Moët Hennessy Louis Vuitton, the world's leading high-quality products group, recorded revenue of €41.7 billion in the first half of 2024. Growth continued over the period (2% organic growth) despite a geopolitical and economic environment that remained uncertain.

LVMH: Good results for LVMH in the first half of the year despite the prevailing environment

LVMH is a prime example of a high-quality business with heritage brands, family ownership, and a loyal customer base. An industry slowdown and French political turmoil exert valuation pressure on LVMH and other French luxury firms alike. LVMH delivered 35 years of continuous organic growth at 9.1% annually, with many more to come, in my view.

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