Bernard Arnault's net worth has soared by $24 billion in four days to $201 billion. The LVMH CEO is set to leapfrog Mark Zuckerberg and become the world's third-richest person.
Global luxury giant LVMH has secured a seat on the board of Italian luxury icon Moncler after striking a deal with Moncler's chief executive, chairman and largest shareholder Remo Ruffini. LVMH acquired a 10% stake in Ruffini's investment vehicle Double R, which currently owns a 15.8% stake in Milan-listed Moncler.
Shares in Moncler and LVMH were sharply higher in early trading on Friday after the owner of Louis Vuitton and Moet & Chandon champagne invested in the Italian outerwear specialist, in a deal which will give it a seat on the board.
A sustained Chinese economic recovery is necessary for a turnaround.
Amy Raskin, CIO at Chevy Chase Trust, joins CNBC's "Halftime Report" to explain why she's trimming LVMH at these levels.
Bernard Arnault has gone from the world's wealthiest person to being on the brink of dropping to fifth. The LVMH CEO's net worth has tanked by $54 billion from its March peak, and $30 billion so far this year.
LVMH is facing temporary headwinds, but its core business remains strong, presenting a prime opportunity to buy shares at decade-low valuations. Despite recent financial underperformance, LVMH's Fashion & Leather Goods and Selective Retailing divisions show resilience, indicating long-term growth potential. New initiatives like Beyonce's whiskey line and Sarah Burton's appointment at Givenchy highlight LVMH's commitment to future growth.
Louis Vuitton Moet Hennessy (LVMH) has appointed British designer Sarah Burton as creative director of its Givenchy fashion house with immediate effect. Macclesfield-born Burton was creative director of Alexander McQueen between 2010 and 2023, a period that saw her design the Princess of Wales's wedding dress (pictured) and be awarded an OBE for services to the fashion industry.
French luxury goods company LVMH named on Monday Sarah Burton, the British fashion designer who was behind the Princess of Wales' 2011 wedding dress, as the new creative director for its Givenchy label.
Beyoncé is entering the luxury liquor business with the launch of a new whiskey line, dubbed SirDavis, in collaboration with LVMH's Moët Hennessy. Louis Vuitton's wine and spirits division is looking to expand in the American whiskey market.
Beyoncé is entering the luxury liquor business with the launch of a new whiskey line, dubbed SirDavis, in collaboration with LVMH's Moët Hennessy. Louis Vuitton's wine and spirits division is looking to expand in the American whiskey market.
LVMH stock price remained stagnant for 3.5 years, but potential recovery is expected due to strong competitive advantage and historical brand dominance. China's economic slowdown impacting LVMH's growth, with Chinese consumers buying in Japan due to lower prices, leading to a geographic revenue shift. Valuation multiples suggest an evident undervaluation; the DCF model suggests the company is fairly valued.