LVMH Moet Hennessy Louis Vuitton Stock News

Bernard Arnault is one of the world's richest people, worth $165 billion, per Bloomberg. He controls the French luxury conglomerate LVMH, and his children all have roles in the business.

LVMH , the world's largest luxury group, has appointed Cecile Cabanis as its new chief financial officer, replacing CFO Jean-Jacques Guiony with effect from February 1 next year, the company said on Thursday.

Global consulting firm Bain & Company is projecting a 2% contraction in global luxury sales in 2024, representing the first annual decline since the global financial crisis in 2008, barring the Covid-19 period. This year's decrease, expected to bring the personal luxury goods market to €363 billion, highlights weaker demand in critical markets such as China and South Korea, even as sectors like...

2024 has been an exceptional year for equities, with the S&P500 up 21.3% YTD, driven by a strong economy, full employment, and an AI investment narrative. Despite relatively high valuations, few high-quality stocks have sold off recently. ASML's recent decline presents a long-term buying opportunity despite short-term challenges in the semiconductor industry and delayed growth expectations.

Die Privatbank Berenberg hat die Bewertung der Aktien von LVMH FR0000121014 bei einem Kursziel von 695 Euro mit "Buy" aufgenommen.

The company's valuations are cheap, but it has a powerful and high-profile product lineup.

LVMH announces the launch of “LVMH Shares”, an international employee shareholding plan aimed at 70% of its global workforce. It will be deployed in 11 locations and regions in Europe, North America and Asia.

LVMH faces short-term volatility and challenges, but the long-term investment thesis remains strong, driven by brand preservation and strategic management. Despite a weak Q3, particularly in the leather and goods segment, management's focus on brand power and exclusivity remains unwavering. The Chinese market shows temporary weakness, but the long-term demand for luxury remains robust, supporte...