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.

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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LVMH Moet Hennessy is a well-run luxury conglomerate with strong revenue growth and high margins. LVMH is expected to continue growing its market share and deliver high-single digit revenue growth in the coming years. I present my outlook for the stock.

LVMH: Quality At A Fair Price

LVMH signed a deal to sell a majority stake in the parent company of its cruise retail business to a group of investors led by Jim Gissy, but will remain an "important minority shareholder" in the new entity, the luxury group said on Friday.

LVMH sells majority stake in cruise retail business

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Hong Kong, Hong Kong--(Newsfile Corp. - December 5, 2023) -   Hong Kong's Avenue of Stars lit up in the glitziest fashion on Friday night (30 November) as French fashion house Louis Vuitton took over the promenade for its first-ever fashion show in the city. Overlooking Hong Kong's stunning skyline, Victoria Harbour and the revitalised Victoria Dockside, Louis Vuitton's Men's Pre-Fall 2024 show was a nod to the city's cultural vibrancy and nautical past, and showcased Hong Kong's allure as a world stage for mega, cultural events.

Correcting and Replacing: Dazzling Avenue of Stars Runway for Louis Vuitton and Pharrell Williams' First Fashion Show Highlights Hong Kong as World-Class Stage for Mega Events

The luxury group LVMH is reimagining how to build and run stores in the Miami Design District, creating a playbook for its fleet of global shops. After business hours, many people like to stroll along shopping streets, peering through the windows of luxury brands to take a peek at the latest handbags and coats displayed inside.

Louis Vuitton, Tiffany, and Dior stores are about to get much more sustainable

Hong Kong, Hong Kong--(Newsfile Corp. - December 5, 2023) - Hong Kong's Avenue of Stars lit up in the glitziest fashion on Friday night (30 November) as French fashion house Louis Vuitton took over the promenade for its first-ever fashion show in the city. Overlooking Hong Kong's stunning skyline, Victoria Harbour and the revitalised Victoria Dockside, Louis Vuitton's Men's Pre-Fall 2024 show was a nod to the city's cultural vibrancy and nautical past, and showcased Hong Kong's allure as a world stage for mega, cultural events.

Dazzling Avenue of Stars Runway for Louis Vuitton and Pharrell Williams' First Fashion Show Highlights Hong Kong as World-Class Stage for Mega Events

LVMH is a strong buy with a 48% stake held by the Arnault family, who consistently outperform and align their interests with shareholders. LVMH's diversification across industries, brands, and geographies mitigates the risk of losing relevance and allows for linear growth during recessions. The luxury industry is expected to grow, and LVMH's high margins, growing returns on capital, and solid financial stability make it an attractive investment.

LVMH: I'm Strongly Buying Into This Massive Opportunity

Paris, December 1st, 2023 An interim dividend of €5.50 per share will be paid on Wednesday, December 6th, 2023.The ex-dividend date is Monday, December 4th, 2023. The last trading day with interim dividend rights is Friday, December 1st, 2023.

News for LVMH Moet Hennessy Louis Vuitton Stock (LVMUY)