Shares in LVMH were on track for their largest drop in 14 months on Wednesday after the luxury goods group's latest sales figures disappointed investors hoping for stronger signs of a rebound at the sector bellwether.
The medals were designed by a jewelry maker owned by the French luxury conglomerate, which has declined to comment on their deterioration.
Shares in luxury conglomerate LVMH were down in early trade on Wednesday, after the company's end-of-year report disappointed investors hoping for stronger signs of rebound from the sector bellwether.
PARIS (Reuters) - LVMH has made a good start to 2025, CEO Bernard Arnault said on Tuesday, after the luxury conglomerate posted a slight rise in fourth-quarter sales, though analysts cautioned it may still fall short of heightened market expectations after recent share gains.
LVMH, which is controlled by the family of multibillionaire Bernard Arnault, was a major sponsor of the Summer Games in Paris.
French billionaire Bernard Arnault's family is struggling to secure a deal on a much-needed new stadium for its recently acquired football team Paris FC, with compensation and other costs proving a sticking point in discussions,
The luxury goods group headed by Bernard Arnault ends its 2024 financial year with sales of €84.7 billion, down 2% on 2023.
Luxury giant LVMH eked a small gain in 2024 sales, underwhelming investors following buoyant results from rivals that signalled a turnaround for the sector
After a quick pivot away from its original LA venue, LVMH presented nine of its watch brands to press in New York. There, leaders from LVMH North America, Tiffany, Bvlgari, Tag Heuer, Hublot, Zenith and Louis Vuitton shared their strategies.
PARIS (Reuters) - Investment bank Morgan Stanley has raised its rating on French luxury goods giant LVMH to 'overweight' from 'equal weight'.
In the final month of 2024, exports of watches between 200 and 500 Swiss francs were the hardest hit, with a drop of 13.2 percent. Those retailing for under 200 francs fell 5.9 percent and those above 3,000 francs dipped 5.3 percent. Timepieces priced between 500 and 3,000 francs did better, falling by 1.8 percent.