LVMH briefly lost the top spot as the world's most valuable luxury group to Hermes International, before recovering it as the stock's losses eased.
LVMH is considering moving more of its manufacturing into the US to mitigate tariff risks. The group's CFO said it was looking into shifting manufacturing for Louis Vuitton and Tiffany & Co. If Trump's proposed tariffs go into effect, imports from the European Union will be taxed at 20%.
LVMH Moët Hennessy - Louis Vuitton, Societe Europeenne (OTCPK:LVMHF) Q1 2025 Revenue Call April 14, 2025 12:00 PM ET Company Participants Rodolphe Ozun - Director, Financial Communications Cecile Cabanis - CFO Conference Call Participants Anne-Laure Bismuth - HSBC Zuzanna Pusz - UBS Thomas Chauvet - Citi Antoine Belge - Exane BNP Paribas Chiara Battistini - JP Morgan Luca Solca - Bernstein Edouard Aubin - Morgan Stanley Louise Singlehurst - Goldman Sachs Charles-Louis Scotti - Kepler Cheuvreux Dana Telsey - Telsey Advisory Group Rodolphe Ozun Ladies and gentlemen, good afternoon and welcome to today's conference call. I am Rodolphe Ozun, Director of Financial Communications at LVMH.
The world's biggest conglomerate of luxury goods reported a 2% sales decline for its first quarter.
LVMH has appointed Jean-Christophe Babin as CEO of its watches division, the company said on Friday.
European luxury companies, especially LVMH, face short-term challenges but offer a long-term investment opportunity due to their historical resilience and potential for recovery by H2 2025. LVMH's current stock price around €600/share is attractive for diversification, given its dominant market position and potential for market-beating returns. Despite recent revenue declines, LVMH's diversified portfolio and strategic acquisitions, like Tiffany & Co., position it well for future growth as economic conditions improve.
The designer change at Loewe is the latest in a series of creative shake-ups in the luxury industry over the past year, as high-end brands try to revive sales.
LVMH label Loewe said on Monday that Jack McCollough and Lazaro Hernandez were appointed as the creative directors of the Spanish luxury house, effective April 7.
LVMH label Loewe said on Monday that creative director Jonathan Anderson was leaving the Spanish luxury house after 11 years in the role.
LVMH is trying to keep Bernard Arnault, 76, in charge for nearly another decade. The company proposed changing its bylaws to raise the age limit of its chairman and CEO to 85.
Shareholders in the luxury group are set to vote on a proposal to raise the maximum age for its chairman and chief executive.
Frederic Arnault, one of the five children of LVMH chairman and CEO Bernard Arnault, will become chief executive of the group's high-end Italian cashmere label Loro Piana in June, the world's biggest luxury group said in a statement on Wednesday.