Streetbeat News

LVMUY

Lvmh Moet Hennessy Vuitton SE

https://www.lvmh.fr

CEO

Bernard Arnault

Employees

55,812

Industry

Women's Clothing Stores

Open

123.77

Mkt cap

308B

Volume

28K

High

123.82

P/E Ratio

20.82

52-wk high

191.63

Low

122.83

Div yield

0.02

52-wk low

120.03

European equities closed higher on Monday, driven by expectations of an imminent ECB rate cut. Key ECB members made statements supporting a rate cut in June. The euro inched higher, and major European indices saw gains. Notable stock movers included RWE AG, Bayer AG, Volkswagen AG, Enel, Iberdrola, Eni, Novo Nordisk, LVMH, ASML, Stellantis, Ferrari, and UBS.

Portfolio Pulse from Piero Cingari

May 27, 2024 | 5:55 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-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

Tesla Inc. (TSLA) CEO Elon Musk has dropped to third on the world's richest list due to a slump in Tesla's stock, making it the worst-performing stock in the S&P 500 this year. Concerns over eroding margins and a slowdown in the EV market have contributed to this decline. Meanwhile, Amazon.com Inc (AMZN) founder Jeff Bezos, now second richest, benefited from selling Amazon shares, and Bernard Arnault of LVMH (LVMHF, LVMUY) remains the richest, with LVMH stock gaining over 20% on the Euronext Paris exchange.

Portfolio Pulse from Ramakrishnan M

March 15, 2024 | 4:03 am

A report by Oxfam highlights the growing wealth inequality, with the top five richest people, including CEOs of Tesla, LVMH, Amazon, Oracle, and Berkshire Hathaway, increasing their wealth by 114% over the past three years. The wealth of the world's richest 10 people grew three times faster than inflation, while the poorest 60% saw a 0.2% decrease. The report suggests policy changes like wealth taxes and living wages to address the disparity.

Portfolio Pulse from Chris Katje

January 17, 2024 | 5:11 pm

Sanofi SA (NASDAQ:SNY) is sponsoring the 2024 Olympic Games in Paris to transform its image and attract a younger workforce. The company is joining other French companies like LVMH and Carrefour in this endeavor. Sanofi's commitment includes backing athletes and involving over 8,000 employees in the Games. The financial investment is speculated to be a significant sum, though exact figures are not disclosed. The impact on investor sentiment is uncertain given Sanofi's recent financial challenges and business model changes. SNY shares closed at $51.76 on Tuesday.

Portfolio Pulse from Vandana Singh

January 10, 2024 | 11:36 am

The top 10 richest people in the world saw their wealth increase by $465.4 billion in 2023, surpassing Walmart's market cap. The S&P 500's strong performance, with a 24% increase, and the rise in technology stocks contributed to this wealth growth. Elon Musk regained his position as the world's richest person. The SPDR S&P 500 ETF (SPY) was up 24% in 2023. Notable billionaires like Jeff Bezos, Bill Gates, and Mark Zuckerberg also saw significant increases in their wealth.

Portfolio Pulse from Chris Katje

January 02, 2024 | 4:06 pm

Francoise Bettencourt Meyers, heiress to the L’Oreal fortune, has become the first woman to exceed a net worth of $100 billion, primarily due to L'Oréal SA's (OTC:LRLCY) record-breaking share performance. L'Oréal, with a market value of €241 billion, is expected to see a further stock increase of about 12% in the coming year, according to Consumer Edge Research. The rise in Bettencourt Meyers' wealth highlights the narrowing wealth gap between men and women in business leadership roles.

Portfolio Pulse from Benzinga Neuro

December 29, 2023 | 11:47 am

In 2023, the world's top 10 richest individuals have seen a significant increase in their wealth, with a combined gain of $431.8 billion, largely due to a surge in stock prices. Elon Musk reclaimed his position as the richest person, with his wealth increasing by $82.8 billion, thanks to Tesla's stock rising 124% YTD. Other notable increases include Jeff Bezos with Amazon stock up 67%, and Mark Zuckerberg with Meta stock up 171%. The SPDR S&P 500 ETF Trust (SPY) is up 19% YTD, reflecting the overall market rebound.

Portfolio Pulse from Chris Katje

November 21, 2023 | 8:13 pm

LVMH Moët Hennessy Louis Vuitton has confirmed the acquisition of Los Angeles-based eyewear brand Barton Perreira. The move is seen as a strategy to enhance LVMH's portfolio with more accessible luxury items. The purchase, speculated to be around $80 million, will expand LVMH's eyewear division. LVMH plans to introduce Barton Perreira across Europe and Asia through its extensive retail network and by establishing standalone stores.

Portfolio Pulse from Shivani Kumaresan

November 06, 2023 | 11:28 am

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