LVMH-owned newspaper group Les Echos-Le Parisien is not party to a lawsuit involving French media against Elon Musk's X that it previously said it would join, according to a court official, and four media industry sources said the LVMH papers no longer planned to sue the platform.
Sales of watches and jewelry at luxury giant LVMH rebounded in the latest quarter and continued to shine into January, according to several of the company's brand CEOs. Read more: Click Here
Alexandre Arnault is taking a key role at LVMH's $6 billion wine and spirits business just as U.S. President Donald Trump risks unleashing a trade war, complicating a turnaround effort that could decide the 32-year-old's future in his father's empire.
Bernard Arnault has said LVMH has no plans to relocate the company. It follows backlash over his criticism of proposed French tax hikes.
Sales of watches and jewelry at luxury giant LVMH rebounded in the latest quarter and continued to shine into January, according to several of the company's brand CEOs. The CEOs of Tiffany & Co., TAG Heuer and Bulgari and the director of watches for Louis Vuitton weigh in on China sales, tariffs and luxury best-sellers.
LVMH's Dior Homme brand has announced the departure of influential designer Kim Jones after seven years at the fashion label. Having held a final Dior menswear show last week, Jones' exit follows a string of high-profile designer reshuffles in recent years as the industry grapples with subdued growth.
Fashion designer Kim Jones is leaving LVMH's Dior Homme brand, said the company on Friday.
LVMH's Q4 earnings showed mixed results with a revenue drop, but resilience in key segments like Selective Retailing. Despite margin pressures, LVMH's long-term outlook remains positive due to strong brand performance and a promising 2025. The stock's current price of ~$748 reduces the margin of safety, necessitating cautious optimism and a focus on long-term growth potential.
Luxury stocks trade lower after giant LVMH shows improvement in sales, but nevertheless left analysts underwhelmed.
Louis Vuitton Moet Hennessy shed 6% on Wednesday after news of stronger fourth-quarter sales failed to impress against a backdrop of heightened expectations. Sales climbed 1% to €23.9 billion (£20.0 billion) in the three months to December, aiding a 1% improvement over the full year to €84.7 billion.
Bernard Arnault lost a spot in the billionaire rankings after LVMH Moet Hennessy posted results that weren't as strong as some luxury-goods rivals.
Shares of luxury goods giant LVMH dropped 5% on Wednesday as investors reacted cautiously to the group's slightly better-than-expected full-year results. The owner of Louis Vuitton, Moët & Chandon and Hennessy posted revenues of 84.68 billion euros ($88.27 billion) for 2024, exceeding the 84.38 billion euros forecast by LSEG analysts.