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.

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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LVMH is a high-quality company with a low terminal value risk and exceptional management team in the luxury sector. The company's diversified portfolio of over 75 brands across different segments enhances its long-term value and mitigates risks. I discuss the benefits of investing in LVMH as a luxury ETF with higher quality than most companies in the sector.

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The surprising political development threw investors for quite a loop. They seem to have overreacted to the news, however.

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China's anti-dumping probe into Europe's cognac industry is a tit-for-tat reaction to European Union tariffs on Chinese electric vehicles, the finance chief at Hennessy cognac owner LVMH said on Saturday.

China cognac probe is a reaction to EU car tariffs, says Hennessy owner LVMH

LVMH's $15.8 billion Tiffany acquisition was its biggest ever — and was met with high expectations. Some investors are skeptical about the turnaround, but things are looking up at the jewelry brand.

Critics roasted LVMH for spending big on Tiffany. 4 years later, the bet doesn't look so bad.

Pursuant to LVMH's liquidity contract with Oddo BHF SCA, on the 30th of June 2024 the following amounts appeared on the liquidity account.

Half yearly report on LVMH's liquidity contract with ODDO BHF SCA

Dublin, July 04, 2024 (GLOBE NEWSWIRE) -- The "LVMH Moet Hennessy Louis Vuitton SE - Digital Transformation Strategies" company profile has been added to ResearchAndMarkets.com's offering. This report provides insights into LVMH's tech activities, including its digital transformation strategies, its innovation programs, and its technology initiatives. LVMH Moet Hennessy Louis Vuitton SE (LVMH) is a manufacturer and marketer of luxury goods. The company's product portfolio comprises clothing, fashion and leather goods, wines and spirits, perfumes and cosmetics, jewelry, and watches.

LVMH Moet Hennessy Louis Vuitton Digital Transformation Strategy Analysis 2024: Accelerators, Incubators, and Other Innovation Programs

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LVMH chairman Bernard Arnault has reportedly bought a stake in the luxury rival that owns Cartier, sparking rumors of a possible takeover battle.

LVMH boss Bernard Arnault reportedly buys stake in Cartier owner, sparking takeover rumors

Talks of consolidation in the luxury sector are growing after it was revealed Bernard Arnault, the owner of Louis Vuitton Moet Hennessy (EPA:MC), has built a stake in Cartier owner Richemont. Europe's richest man is believed to have purchased a stake too small to be disclosed in public records and is a personal investment, reports from the Financial Times revealed.

LVMH and Richemont takeover rumours grow as Arnault builds stake

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LVMH , the world's largest luxury group, has acquired Switzerland-based speciality clock maker L'Epee 1839, boosting its expertise in high-end watch making, the company said on Tuesday.

LVMH snaps up luxury Swiss clock maker L'Epee 1839

French billionaire Bernard Arnault, Europe's richest man and the chairman of high fashion to champagne group LVMH , has bought a stake in smaller luxury rival Richemont , Bloomberg reported on Tuesday.

LVMH Chief Arnault owns stake in luxury rival Richemont, Bloomberg reports

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French luxury giant LVMH completed its acquisition of Paris's famous restaurant "Chez L'Ami Louis", established in 1924, as the group continues its diversification push towards lifestyle and hospitality, the company said on Thursday.

LVMH goes fois gras as group buys famous Paris bistrot

Richemont, the conglomerate behind brands like Cartier, is outperforming its competition. Its focus on hard luxury, like jewelry and watches, has helped it through a rough economic climate.

News for LVMH Moet Hennessy Louis Vuitton Stock (LVMUY)