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.

LVMH's stock has declined 17.8% since July, presenting a buying opportunity at a Blended P/E of 20.5x, below its 15-year average of 23.5x. The luxury market is cyclical; LVMH's diversified portfolio and strong brand heritage make it a quality long-term investment despite current economic challenges. China's economic slowdown and reduced consumer confidence have impacted LVMH's revenue, but a significant stimulus package may revive growth.

Luxury On Sale, Why LVMH Might Be A Buy Now

Tiffany & Co executive Alexandre Arnault, 32, will take up a new position as Deputy CEO of LVMH's wine & spirits division in February 2025

Bernard Arnault's son to take up new job leading LVMH's struggling drinks division

The luxury market is experiencing a downturn due to a weaker global consumer, higher exposure to non-core customers, and brand fatigue. LVMH shares are down nearly 20% YTD and over 33% from their peak, reflecting an inability to overcome market weakness. LVMH's growth has decelerated across all segments and regions, with no signs of a near-term recovery, making current valuation unattractive.

LVMH: Still Not Time To Bottom Fish

Bernard Arnault is one of the world's richest people, worth $165 billion, per Bloomberg. He controls the French luxury conglomerate LVMH, and his children all have roles in the business.

Bernard Arnault, the LVMH CEO who built a luxury giant, is one of the world's wealthiest people

Alexandre Arnault, a son of Chairman Bernard Arnault, is being elevated to deputy CEO of the luxury group's vast wines-and-spirits division.

Arnault Son Climbs LVMH's Top Ranks in Further Leadership Reshuffle

LVMH , the world's largest luxury group, has appointed Cecile Cabanis as its new chief financial officer, replacing CFO Jean-Jacques Guiony with effect from February 1 next year, the company said on Thursday.

LVMH appoints new group CFO and Moet Hennessy division head

Burberry Group PLC

Global consulting firm Bain & Company is projecting a 2% contraction in global luxury sales in 2024, representing the first annual decline since the global financial crisis in 2008, barring the Covid-19 period. This year's decrease, expected to bring the personal luxury goods market to €363 billion, highlights weaker demand in critical markets such as China and South Korea, even as sectors like beauty and eyewear show resilience.

Concerns mount for Burberry, LVMH as global luxury sector in worse state since financial crisis

The company's valuations are cheap, but it has a powerful and high-profile product lineup.

Why LVMH Moët Hennessy Stock Topped the Market Today

LVMH announces the launch of “LVMH Shares”, an international employee shareholding plan aimed at 70% of its global workforce. It will be deployed in 11 locations and regions in Europe, North America and Asia.

LVMH announces the launch of an international employee shareholding plan, LVMH Shares

LVMH faces short-term volatility and challenges, but the long-term investment thesis remains strong, driven by brand preservation and strategic management. Despite a weak Q3, particularly in the leather and goods segment, management's focus on brand power and exclusivity remains unwavering. The Chinese market shows temporary weakness, but the long-term demand for luxury remains robust, supported by the emerging upper middle class.

LVMH: Thesis Not Yet Broken, But Poised For Future Growth And Resilience

Luxury market leader LVMH just delivered disappointing results for the third quarter with organic growth across the group down 3%. Coming off 2023 when revenues rose 14% to $93.4 billion (€86.2 billion), quarterly revenues have sequentially slowed from 3% growth in first quarter and 1% in the second.

LVMH Revenue Falls, Sparking Fears Of A Luxury Market Recession

LVMH founder and CEO Beranrd Arnault has seen his net worth take a hit this year as the luxury goods conglomerate's stock suffers amid weakened sales.

Luxury king Bernard Arnault's net worth takes multibillion-dollar hit after LVMH shares fall

The comments come as the French luxury brand saw a 3% sales decline this quarter.

LVMH executive says it would be a mistake to offer more affordable products. Here's why he's right.

Shares in LVMH, which also owns Dior, Tiffany and Moët & Chandon, fell by as much as 7%, briefly hitting two-year low

Louis Vuitton owner LVMH reports surprise sales drop amid China slowdown

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ASML and LVMH were both tumbling on Wednesday. It's all about China.

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It has been an unfortunate day for the European megacaps, with global luxury giant LVMH sliding nearly 5% in response to a wholly underwhelming nine-month trading update. Sales across LVMH's wines and spirits segment fell 11%, while its largest segment, fashion and leather goods, fell 3%.

No Champagne popping for LVMH as shares slide nearly 5%

LVMH reported a 3% decline in sales in its most recent quarter. The drop is driven by decreased demand from Chinese consumers, affecting luxury sales.

It looks like the glory days of luxury are over for LVMH, at least for now

LVMH Moët Hennessy Louis Vuitton SE, the global luxury giant, saw its shares plunge after reporting a drop in sales of fashion and leather goods. This marked the first decline since the pandemic, underscoring the severity of slowing demand from Chinese consumers, once a driving force for the luxury industry.

LVMH shares fall as Chinese consumer confidence weakens

LVMH Moët Hennessy Louis Vuitton said a slowdown in Chinese spending had hit its third quarter sales

LVMH stock falls on slumping luxury sales in China

Europe's answer to the Magnificent Seven is leaving much to be desired after two of the Continent's biggest companies, ASML Holding and LVMH Moet Hennessy, disappointed investors.

Investors develop an allergy to GRANOLAS after ASML, LVMH downturns

European luxury stocks fell after third-quarter results from industry bellwether LVMH dashed hopes that a sector recovery is under way and renewed concerns over the Chinese market.

LVMH Results Cast Cloud on Luxury Stocks

Shares in LVMH were on course for their biggest one-day drop in a year on Wednesday after the luxury bellwether missed third-quarter sales forecasts, dragging down the broader sector and erasing gains sparked by China's stimulus measures.

LVMH shares hit by weak Q3 sales, dragging down luxury sector

LVMH saw quarterly sales dip amid an “uncertain economic and geopolitical environment.” The luxury retail giant reported third-quarter earnings that showed a 3% drop in revenues — to 19.1 billion euros — while sales in its core fashion and leather goods units — which includes brands like Dior and Louis Vuitton — dropped 5%.

LVMH Warns of ‘Uncertain' Conditions Amid 3% Drop in Luxury Sales

A dispiriting revenue update dampened investor enthusiasm for the company.

Why LVMH Moët Hennessy Stock Tumbled on Tuesday

LVMH Moët Hennessy - Louis Vuitton, Société Européenne (OTCPK:LVMHF) Q3 2024 Sales Call October 15, 2024 12:00 PM ET Company Participants Rodolphe Ozun - Director of Financial Communications Jean-Jacques Guiony - CFO Cécile Cabanis - Deputy CFO Conference Call Participants Antoine Belge - Exane BNP Paribas Louise Singlehurst - Goldman Sachs Piral Dadhania - RBC Chiara Battistini - J.P. Morgan Yi Zhong - AlphaValue Ashley Wallace - Bank of America Edouard Aubin - Morgan Stanley Carole Madjo - Barclays Thomas Chauvet - Citi Erwan Rambourg - HSBC Chris Gao - CLSA Rogerio Fujimori - Stifel Charles-Louis Scotti - Kepler Rodolphe Ozun Good afternoon everyone and welcome to today's conference call.

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