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Tuesday's market-moving news for global luxury-goods purveyor LVMH Moët Hennessy (OTC: LVMUY) wasn't very encouraging. After the company published a disappointing revenue update, investors ...
Before you buy stock in LVMH Moët Hennessy - Louis Vuitton, consider this: ... regular updates from analysts, and two new stock picks each month. ... CBS News. Jean Rather, wife of longtime ...
In its earnings release Tuesday, LVMH reported a sales decline of 3% year over year in the third quarter. The French luxury conglomerate's fashion and leather products fell 5%, marking their ...
The company's valuations are cheap, but it has a powerful and high-profile product lineup.
Bernard Arnault, the founder and CEO of LVMH Moët Hennessy Louis Vuitton, owns nearly 49% of Dior and Sephora's parent company, filings show. LVMH shares fell as much as 7% in Paris on Tuesday ...
LVMH said sales dropped during the third quarter, with revenue down double digits in China.. The company acts as a bellwether for the luxury industry, which is expected to continue to struggle ...
As of late 2020, LVMH has the largest market capitalization of any company in France, [45] and also in the Eurozone with a record of 261 billion euros ($317.6 billion). [46] As of December 2020, Arnault's own fortune was nearly half that, with a personal net worth of $151.7 billion. [47] LVMH completed the purchase of Tiffany in January 2021. [48]
China's stimulus plans have lit a fire under LVMH stock, boosting CEO Bernard Arnault's net worth from $177 billion to $207 billion in just five days.