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.

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Some better-performing luxury stocks may be worth the splurge, even with consumer spending in a somewhat uncertain spot. Indeed, we've heard quite a bit about consumer frustrations with higher prices on a wide range of goods, from fast food to everyday grocery items.

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French media and business conglomerate Lagardere said on Wednesday it is moving closer to a sale of its Paris Match magazine to luxury goods giant LVMH , on an enterprise value price tag of 120 million euros ($130 million).

Lagardere says it closes in on sale of Paris Match magazine to LVMH

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French Luxury group LVMH is to deepen its partnership with Alibaba to leverage the firm's cloud and artificial intelligence capacities and boost its presence in China, it said on Wednesday.

LVMH deepens partnership with Alibaba to boost tech presence in China

LVMH experienced its first year-over-year revenue decline since Covid, with currency headwinds offsetting organic growth in Q1-24. The company's revenue slowdown in Q1-24 raises questions about whether it is a long-term issue or just a matter of normalization. The answer to this question will be revealed in Q3-24.

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Luxury goods corporation LVMH Moët Hennessy is expanding into real estate, transforming underdeveloped areas into luxury destinations. Investing in high-quality real estate can yield substantial returns. Essex Property Trust, Kimco Realty, and Prologis are three REITs that also strategically redevelop assets in attractive areas to create significant value for shareholders.

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In June 2023, it was confirmed that luxury conglomerate LVMH would become a premium sponsor of the Paris Olympic Games of 2024, a status it paid nearly $160 million to obtain. While it may have come to a surprise to see the world's leading luxury group become the commercial partner of a mainstream sports event, the move was a clear strategic one that has since led to more tactical spending in anticipation of the event in less than 100 days.

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Pair also join two other siblings on board, further strengthening family's control of French luxury goods company

Two sons of world's richest man Bernard Arnault join him on board of LVMH

Paris, Thursday, April 18th, 2024 At the Annual Shareholders' Meeting of LVMH Moët Hennessy Louis Vuitton held on Thursday, April 18th, 2024, approval was given for the payment of a dividend for financial year 2023 of 13.00 Euros per share. Taking into account the 5.50 Euros paid on Wednesday, December 6th, 2023, the balance of 7.50 Euros will be paid on Thursday, April 25th, 2024.

LVMH 2023 Dividend

LVMH boss Bernard Arnault is currently the world's richest person.  Arnault has five children — and they all work across LVMH and its brands.

Luxury tycoon Bernard Arnault just put 2 more of his nepo baby kids on the LVMH board

Two of LVMH Chairman and CEO Bernard Arnault's sons and heirs were named to the board of the luxury goods conglomerate on Thursday, reinforcing the family's hold on the sprawling empire which spans fashion, jewellery and hotels.

Two more Arnault heirs join LVMH board

Diageo can take little comfort from LVMH's trading update, according to brokers at UBS. "Overall, we think the topline results are a negative read-across for the European Spirits stocks," said the Swiss bank.

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Chinese tourists saved the day for Louis Vuitton Moet Hennessy (EPA:MC), analysts said, noting that 10% growth in the quarter was driven by very strong growth in offshore purchases in Japan and Europe. Overall first-quarter sales were weaker than analysts expected at 3%.

LVMH results provide reassurance for luxury sector, analysts say

Shares in Louis Vuitton Moet Hennessy (LVMH) strutted higher as the European luxury group reported a soft start to 2024, let down by jewellery, spirits and champagne, though not as bad a quarter as many investors had expected.  The shares had fallen 10% since mid-March from above $900 to €781 earlier in the week, but sashayed 5% higher to €819.60 on Wednesday.

LVMH struts higher despite worse jewellery and champagne sales

LVMH Moet Hennessy Louis Vuitton shares increased 3% on Wednesday after the company posted an increase in its organic revenues in the face of a slowdown in demand for sparkling wine and jewelry that has hit the firm's main rivals in the luxury sector.

LVMH weathers luxury market slowdown as fashion business bolsters sales

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Burberry's (LON: BRBY) share price is in a steep freefall as concerns about the luxury market continue. The stock crashed to a low of 1,135p on Tuesday, its lowest point since 2020.

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With the moderately well-off shopper spending differently than the high-earner, luxury brands are seeing aspirational shoppers forced to give up their favorite indulgences.

News for LVMH Moet Hennessy Louis Vuitton Stock (LVMUY)