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The company saw the price of its U.S.-listed shares dip by over 3% on the day, while the bellwether S&P 500 index crept up to close 0.1% higher. A major surprise in France
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Shares of Boston Beer (NYSE: SAM) stock are down 3.6% in response, as of 11:05 a.m. ET. Molson Coors (NYSE: TAP) and LVMH Moet Hennessy (OTC: LVMUY) have fallen 2.2% and 2.8%, respectively. Where ...
Other richly valued momentum names such as Palantir and AMD have sold off more than 10% in the past month as traders price in a more elevated interest-rate backdrop — among other factors.
More conservative increases appeal to customers, who may be turned off from buying a product that they could have bought five years ago at a significantly lower price, Canaves said. LVMH, for its ...
In March, Bernard Arnault was the world’s richest person—with $48 billion more to his name.
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High-end brands like LVMH and Gucci-owner Kering felt the pinch in 2023—but a new type of luxury is gaining a share of consumers’ wallets Prarthana Prakash December 25, 2023 at 4:30 AM