Streetbeat News

LVMHF

Lvmh Moet Hennessy Vuitton SE

https://www.lvmh.fr

CEO

Bernard Arnault

Employees

55,812

Industry

Women's Clothing Stores

Open

668.00

Mkt cap

322B

Volume

1.4K

High

668.00

P/E Ratio

21.47

52-wk high

958.69

Low

641.00

Div yield

0.02

52-wk low

600.83

LVMH remains confident despite an uncertain geopolitical and economic environment, focusing on enhancing brand desirability through high-quality products and retail excellence.

Portfolio Pulse from Benzinga Newsdesk

July 23, 2024 | 4:04 pm

LVMH reported H1 revenue of EUR 41.7 billion.

Portfolio Pulse from Benzinga Newsdesk

July 23, 2024 | 4:03 pm

LVMH reported Q2 organic sales growth of 1%, falling short of the estimated 1.95%.

Portfolio Pulse from Benzinga Newsdesk

July 23, 2024 | 4:02 pm

LVMH reported Q2 revenue of EUR20.98 billion, missing the estimated EUR21.41 billion.

Portfolio Pulse from Benzinga Newsdesk

July 23, 2024 | 4:02 pm

LVMH is deepening its partnership with Alibaba to leverage Alibaba's cloud and AI capabilities, aiming to boost its presence in China. This move comes as luxury brands focus on improving online shopping experiences and catering to Chinese consumers amid economic challenges.

Portfolio Pulse from Benzinga Newsdesk

May 22, 2024 | 5:20 pm

Louis Vuitton (LVMH) and Alibaba have expanded their partnership to enhance AI-powered luxury retail in China. This collaboration aims to leverage Alibaba's cloud technologies to boost LVMH's omnichannel presence and customer insights.

Portfolio Pulse from Shivani Kumaresan

May 22, 2024 | 3:36 pm

LVMH has 'strongly' denied reports that it is exploring options for the Marc Jacobs brand, according to Reuters. This denial comes in response to speculation about potential strategic moves for Marc Jacobs.

Portfolio Pulse from Benzinga Newsdesk

April 30, 2024 | 3:13 pm

LVMH is reportedly considering options for its Marc Jacobs brand due to interest from potential buyers, according to Bloomberg. This move could indicate a strategic shift or divestiture for LVMH to focus on its more profitable segments or to capitalize on the high demand for luxury brands.

Portfolio Pulse from Benzinga Newsdesk

April 30, 2024 | 2:15 pm

LVMH-Moet Hennessy Louis Vuitton reported a 2% decline in Q1 FY24 revenue to €20.7 billion, with organic revenue growth at 3%. The Wines & Spirits segment saw a 16% revenue decline, while Fashion & Leather Goods grew by 2% organically. Perfumes & Cosmetics and Selective Retailing recorded 7% and 11% organic growth, respectively. Strong growth was noted in North America, Europe, the Middle East, and Japan, particularly from Chinese spending in Europe and Japan. LVMHF shares closed up 1.58% at $855.05.

Portfolio Pulse from Shivani Kumaresan

April 17, 2024 | 11:40 am

LVMH reported a positive start to the year, achieving growth despite uncertain geopolitical and economic conditions. The company saw growth in Europe and the U.S. on a constant currency and consolidation scope basis, with Japan experiencing double-digit revenue growth. The rest of Asia's performance was buoyed by strong spending from Chinese customers in Europe and Japan.

Portfolio Pulse from Benzinga Newsdesk

April 16, 2024 | 3:51 pm

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