LVMH’s Bernard Arnault sees nearly $10 billion in wealth wiped out after share price bloodbath
Bernard Arnault, the founder and CEO of the luxury powerhouse LVMH, saw his wealth drop by nearly $10 billion in a single day ...
LVMH executive says it would be a mistake to offer more affordable products. Here’s why he’s right.
Guiony said the company shouldn’t offer “affordable product” because “the offer in luxury has been the key strength over the ...
Louis Vuitton Owner LVMH Posts Sales Drop Amid China Weakness
LVMH posted a year-over-year sales decline in the third quarter, showing the continuing pressure on the luxury sector from ...
Why LVMH Moët Hennessy Stock Tumbled on Tuesday
Business slumps happen all the time, but what's troubling about this is that the slide in fashion and leather goods was ...
LVMH Set to Pay €800 Million Tax Increase to Ease France’s Debt
LVMH is expecting to pay as much as €800 million ($870 million) in additional taxes next year after France announced plans to ...
Investors develop an allergy to GRANOLAS after ASML, LVMH downturns
Europe’s answer to the Magnificent Seven is leaving much to be desired after two of the Continent’s biggest companies, ASML ...
Heard on the Street: LVMH Slowdown Is Bad Omen for Luxury Industry
The sudden slowdown in Chinese demand reported by Louis Vuitton’s owner is a bad sign for weaker rivals like Kering-owned Gucci. Dig deeper: ...
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Beauty comes through for LVMH in a Q3 hit by Japan slump
LVMH has reported revenue of €60.8bn for the first nine months of 2024. Perfumes & Cosmetics outstripped the luxury giant’s ...