Research archive for LVMUY

Luxury giant LVMH didn't have the hottest quarter, seeing its slowest sales growth since the pandemic rebound. Their fashion and leather goods division, including big names like Louis Vuitton, only managed a 2% bump to EUR10.5 billion in the first quarter, compared to the 18% surge seen a year back.

LVMH reported sales of EUR86.15 billion for 2023, up 13% on an organic basis from the previous year, exceeding analysts' expectations. LVMH shares were up 12.8%, marking the largest one-day surge in 15 years, and adding approximately EUR43 billion ($46.8 billion) to the company's market value.

Shares of luxury powerhouse LVMH fell by 7% after reporting a slowdown in sales growth last week. The company, headed by billionaire Bernard Arnault, disclosed a 9% growth in sales for the third quarter, a drop from the previous quarter's 17% rise as excitement from China's reopening has worn off.

LVMH reported strong numbers in its second-quarter as consumers in Asia and Europe fuelled its sales growth. The US luxury market slowed, the LVMH chief financial officer said the following: "aspirational customers are not shopping as much as they used to."

Dior is planning to reaffirm its collaboration with Johnny Depp, in the largest men's fragrance partnership ever. The new three-year agreement is estimated to be worth over $20 million, surpassing previous deals with Robert Pattinson and Brad Pitt.

LVMH, the world's biggest luxury company, reported better-than-expected first quarter sales growth of 17% on an organic basis, reaching EUR 21 billion as China rebounded sharply after Covid lockdowns. Analysts had only pencilled in 8% growth.

LVMH reported its full-year numbers last week, delivering a second straight year of record sales and profits driven by its main brands Louis Vuitton and Dior. The recent luxury boom has favoured bigger brands.

Bernard Arnault's luxury conglomerate LVMH, which owns brands such as Louis Vuitton, Dior, cosmetics retailer Sephora, and American jeweller Tiffany's, released its third-quarter numbers that beat expectations. The fashion and leather goods units delivered solid organic growth of 22%, a sign of enduring demand for pricy merchandise by the rich.

Bernard Arnault's luxury conglomerate LVMH, which owns brands such as Louis Vuitton, Dior, cosmetics retailer Sephora and American jeweller Tiffany's, released its third-quarter numbers. The fashion and leather goods units delivered very pleasing organic growth of 24%.

LVMH has spent 16 years and $900 million building a new luxury hotel in Paris. The Cheval Blanc Paris is housed in a 1928 art deco building near the Louvre, and the hotel offers breathtaking views of the Seine from countless patios and giant glass windows.

French luxury group LVMH released its earnings on Tuesday, showing resilient fashion sales in China which helped cushion the negative impact the pandemic has had on its businesses. The other event to point out is that the company finally closed the $15.8 billion acquisition of US jeweller Tiffany after negotiated the price down.

Bernard Arnault's luxury conglomerate LVMH which owns brands such as the cosmetic retailer Sephora, Italian jeweller Bulgari, cognac maker Hennessy etc. released its third quarter numbers which showed a recovery in sales in its fashion and leather goods units as rich people spent more on monogram bags and dresses.

As you can see, both Paul and I are excited about the potential that LVMH holds. Adding to the list of brands mentioned by Paul above, Bernard Arnault's French luxury conglomerate also owns cosmetic retailer Sephora, Italian jeweller Bulgari, and cognac maker Hennessy.

Bernard Arnault's French luxury conglomerate LVMH is said to have approached Tiffany & Co. in an all cash offer that values the business at $14.5 billion. This will be LVMH's first major non-fashion American brand. Last year the company spent over $2.6 billion buying luxury hotel brand Belmond and in 2017 it spent about $13 billion acquiring a controlling stake in Dior.