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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Diageo PLC (LSE:DGE) on Friday led the FTSE 100 risers after investors took heart from results from LVMH and Remy Cointreau. LVMH's Wines & Spirits business delivered organic sales growth in the fourth quarter after declining in the two previous quarters.

Diageo in high spirits after LVMH, Remy Cointreau updates

LVMH Moet Hennessy Louis Vuitton's Paris listed shares surged on Friday following the luxury firm's decision to hike its dividend on the back of record 2023 results, in a rally that lifted shares across the luxury sector amid a slowdown that has pummeled the industry in recent months.

LVMH leads luxury shares rally following record 2023 results despite market slump

LVMH shares jumped more than 8% on Friday morning after the world's largest luxury group posted higher-than-expected sales for 2023 and raised its annual dividend.

LVMH shares jump 8% as earnings point to luxury sector resilience

Shares in LVMH were up by around 7% in early Paris trade on Friday following the French luxury giant's latest quarterly results, lifting peers including Hermes, Kering and Pernod Ricard, which were all up by more than 3%.

LVMH shares up 7% after reassuring Q4, lifts luxury peers

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Luxury goods giant LVMH, best known for brands like Louis Vuitton, Dior and Tiffany, reported a 10% surge in sales for the fourth quarter on Thursday (Jan. 25), outpacing the previous quarter. The momentum was fueled by robust demand, notably from Chinese consumers, who favored its high-end fashion items during the crucial year-end period.

LVMH Sees Strong Growth With Kohl's-Sephora Partnership

LVMH Moet Hennessy Louis Vuitton SE (LVMHF) Q4 2023 Earnings Call Transcript

Upscale-goods maker LVMH Moët Hennessy Louis Vuitton posted strong fourth-quarter revenue, bolstered by a solid holiday season.

LVMH ‘Confident' on Luxury Demand in 2024. The Stock Surges.

LVMH Moet Hennessy Louis Vuitton said it entered the new year with confidence after posting above-forecast sales for 2023.

Louis Vuitton Owner's Sales Beat Expectations

Luxury group LVMH (LVMHF, fully known as LVMH Moet Hennessy Louis Vuitton SE) on January 12th reported its Q4 and full-year 2023 results, after Paris markets closed. The group reported €86.2 billion in revenue for 2023 as a whole, up nine percent, while profit from recurring operations was up eight percent.

Luxury in the spotlight as LVMH reports 2023 financial results

Luxury goods group LVMH posted a 10% rise in fourth quarter sales, as growth edged up from the previous quarter, driven by resilient demand - including in China - for its high end fashion labels over the all-important end-of-year period.

LVMH grows sales as luxury shoppers show resilience

LVMH Moët Hennessy Louis Vuitton, the world's leading luxury goods group, recorded revenue of €86.2 billion in 2023, equating to organic growth of 13% with respect to 2022. All business groups reported strong organic revenue growth, with the exception of Wines & Spirits, which was faced with a high basis of comparison and high inventory levels. Europe, Japan and the rest of Asia achieved double-digit organic growth. In the fourth quarter, organic revenue growth came to 10%.

2023: New record year for LVMH

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LVMH boss Bernard Arnault, the world's third-richest person, is set to nominate two more of his children to its board. Arnault has five children — and they all work across LVMH and its brands.

Luxury tycoon Bernard Arnault is adding 2 more of his nepo baby children to the board of LVMH. One of them was named CEO of TAG Heuer at just 25.

Bernard Arnault is set to appoint two more of his children to the LVMH's board, reports say. He's expected to nominate Alexandre, a VP at Tiffany, and Frédéric, head of LVMH's watches division.

Bernard Arnault, the world's 3rd-richest person, is set to appoint 2 more of his children to the LVMH board

If Louis Vuitton Moet Hennessy (EPA:MC) is the yardstick for global luxury spending trends, then there is cause for concern leading up to Europe's second-largest company's full-year earnings. Warning signals were already flashing for the luxury sector – an admittedly nebulous term comprising high-end clothing, jewellery, watches, spirits and other discretionary items – when China's post-Covid market recovery drastically undershot expectations.

Luxury yardstick LVMH casts ominous cloud over sector

A couple from Norfolk, Victoria and Lawrence Osborne, were victorious in a ‘David versus Goliath' trademark dispute with French luxury goods giant Louis Vuitton Moet Hennessy (EPA:MC). A tribunal ruled in favour of the Osbornes' home and gardening business, L V Bespoke, after a two-year battle with the company owned by Bernard Arnault, the former richest man in the world.

LVMH lose to UK couple in trademark dispute

LVMHF reached its previous highs in early 2023, lifted by media hype around CEO Bernard Arnault's net worth crossing $200B. Since then, LVMH has declined steeply, falling nearly 30% from its 2023 highs and entering a bear market. The decline is mainly attributed to concerns about the Chinese luxury market and the resulting growth normalization phase after the pandemic surge.

LVMH: Time To Pounce On The Global Luxury Goods Leader

Michael Burke has been appointed as chairman and chief executive of LVMH Fashion Group , overseeing all of the group's fashion labels, the luxury goods giant said on Thursday.

Michael Burke named LVMH Fashion Group chairman and CEO

LVMH has been outperforming other investments due to its low-cost basis, but its overall performance for 2023 is not as strong as expected. The company's upside potential is double digits with an AA-credit rating, making it an attractive investment. LVMH's top-line revenues have grown by 14% YoY, with strong performance in its leather goods and fashion segment.

LVMH Is Dropping In Price - And I Am Buying In 2024

Shares of LVMH have been uncharacteristically sluggish over the past 12 months, as investors grapple with the impact of a potential slowdown in the global luxury market. LVMH's recent sales performance has actually been okay. The U.S. is soft, but this was to be expected after exceptional growth fueled by COVID stimulus money. The company can grow ahead of the underlying 5% CAGR of the global luxury market, aided by the pricing power of brands like Louis Vuitton.

LVMH: A Long-Term Buy Despite Slowdown Jitters

LVMH, the luxury fashion and alcohol giant owned by billionaire Bernard Arnault, named the owner's 29-year-old son Frederic Arnault as head of the company's watch division—joining his siblings in a senior leadership role at the family business.

Who Is Frederic Arnault? Billionaire Bernard Arnault's 29-Year-Old Son Picked To Lead LVMH Watch Division

LVMH has named Frederic Arnault Chief Executive Officer of LVMH Watches, overseeing the TAG Heuer, Hublot and Zenith brands, the luxury group said on Friday.

LVMH names Frederic Arnault CEO of LVMH Watches

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Luxury group stocks have had a mixed performance in 2023 as concerns about the sector rose. While Hermes (RMS) stock price is hovering near its all-time high, others like LVMH, Kering, and Richemont are crawling back.

News for LVMH Moet Hennessy Louis Vuitton Stock (LVMUY)