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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 ...
Why LVMH Moët Hennessy Stock Tumbled on Tuesday. Eric Volkman, The Motley Fool. October 15, 2024 at 4:41 PM. Tuesday's market-moving news for global luxury-goods purveyor LVMH Moët Hennessy (OTC
A surprise election result in its home country dinged the stock of luxury goods specialist LVMH Moët Hennessy Louis Vuitton (OTC: LVMUY) on Monday. The company saw the price of its U.S.-listed ...
Chinese stocks have surged over the past month, with PDD Holdings up 55% over the past month and GDS Holdings up 21%, even counting today's sell-off. LVMH's 5.6% gain, while paltry compared to ...
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]
The company's valuations are cheap, but it has a powerful and high-profile product lineup.
The new deal reduced the amount paid per share by LVMH from the original price of $135 to $131.50. [47] LVMH completed the purchase of Tiffany in January 2021. [48] Under Arnault's leadership, LVMH has grown to become the largest company by market capitalization in the eurozone, [49] with a record of 313 billion euros ($382 billion) as of May ...
The ski-jacket maker's stock also fell 3% on Tuesday. Chanel isn't publicly traded, but Bloomberg's list shows that co-owners Alain and Gérard Wertheimer were worth about $46.6 billion apiece at ...