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LVMH Says Debating Whether To Increase Wine Prices In Response to U.S. Tariffs
LVMH Says Hong Kong Sales Fell About 25% in Q3
LVMH Like-for-Like Sales Accelerated In Japan in Q3
LVMH Moet Hennessy Louis Vuitton SE is a luxury goods company. Its business activities are divided into various business groups, including Wines & Spirits, Fashion & Leather Goods, Perfumes & Cosmetics, Watches & Jewelry, Selective retailing and Other activities. The Company has approximately 70 brands and over 3,950 stores around the world. It produces still and sparkling wines from various wine-growing regions, as well as whiskey. The Fashion & Leather Goods business group includes brands, such as Louis Vuitton, Fendi, Donna Karan, Loewe, Marc Jacobs, Celine and Edun. It focuses on the perfumes, make-up and skincare business, and offers a range of brands, including Christian Dior, Guerlain and Kenzo. The Watches & Jewelry sector operates in two segments: high-quality watchmaking, and jewelry and high jewelry. Its Selective Retailing companies operate in Europe, North America, Asia and the Middle East. Its other activities include Les Echos group, Royal Van Lent and Cheval Blanc.
22, avenue Montaigne
Chairman and Chief Executive Officer, Member of the Executive Committee
Chief Financial Officer, Member of the Executive Committee
Group Director of Human Resources and Synergies, Member of the Executive Committee
Development and Acquisitions, Member of the Executive Committee, Director
Group Managing Director, Member of the Executive Committee, Director
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A strong sales update from LVMH <LVMH.PA> boosted stocks across the luxury goods sector on Thursday, as months of unrest in Hong Kong proved less of a drag on the Louis Vuitton owner in the third quarter than expected.
London's FTSE 100 inched up on Thursday, as investors hoped for a U.S.-China trade deal despite mixed media reports on where the two countries stand, while investment platform Hargreaves Lansdown led gains after a strong trading update.
Shares in LVMH rose on Thursday, lifting up other European luxury goods stocks, after the Louis Vuitton owner posted higher-than-expected third quarter sales.
Louis Vuitton owner LVMH <LVMH.PA> beat sales forecasts for the third quarter despite unrest in Hong Kong that has forced luxury goods labels to shut stores, in an encouraging sign for rivals who might also be able to make up for the lost business elsewhere.
Louis Vuitton owner LVMH <LVMH.PA> on Wednesday reported higher-than-expected revenue growth for the third quarter, in spite of months of unrest in Hong Kong that have put off tourists and forced luxury goods labels to shut stores.
Stella McCartney on Monday unveiled her first collection since linking up with the French luxury group LVMH, showing fluid dresses, wide-legged pants and floral prints that she said were the most sustainable clothes she had made.
French couture house Patou came back to life on Wednesday under the helm of LVMH, its new parent company, and designer Guillaume Henry, who gave a modern, chic twist to its historical designs at a Paris Fashion Week presentation.
European stock markets turned into a sea of red on Thursday after the European Central Bank signaled monetary policy easing ahead, but disappointed investors who sought more clarity on its action to stimulate a slowing economy.
(This July 24 story corrects reference to J.C. Penney headquarters in second paragraph)
European shares opened higher on Thursday, as strong reports from drugmaker Roche, brewer AB Inbev and luxury goods house LVMH stood out in a torrent of earnings, ahead of a highly-anticipated European Central Bank rate decision.
Jacket maker Moncler <MONC.MI> joined Louis Vuitton owner LVMH <LVMH.PA> on Wednesday in reporting a pick up in sales growth in the second quarter, as the luxury firms capitalised on strong Chinese demand and investments in marketing and new designs.
Luxury goods group LVMH on Wednesday posted better-than-expected second quarter revenue, lifted by accelerating momentum in its fashion and handbag division that houses its Louis Vuitton and Christian Dior megabrands.
French luxury goods group LVMH <LVMH.PA> on Monday announced a tie-up with Stella McCartney, just months after the British designer known for her animal-friendly ethics ended a long-term partnership the conglomerate's arch-rival Kering <PRTP.PA>.
French luxury goods conglomerate LVMH said on Monday it was pairing up with British designer Stella McCartney to further develop her brand, just months after she ended a long-term partnership with the group's arch-rival Kering.
French luxury goods group LVMH <LVMH.PA> on Monday named former Lacoste creative director Felipe Oliveira Baptista as the new creative director of its Kenzo brand.
LVMH's Sephora beauty chain said it will close all its U.S. stores, distribution centers and corporate offices on Wednesday to conduct diversity training for employees, a move that follows a racial incident involving a Grammy-nominated singer.
Barbadian singer Rihanna has unveiled her new fashion brand with Louis Vuitton owner LVMH, a rare move by the French group to set up a label from scratch as it taps into soaring demand for celebrity collaborations in the luxury world.
French luxury goods group LVMH has agreed to buy wine producer Le Chateau du Galoupet for an undisclosed sum, bolstering LVMH's portfolio of top wines and spirits, such as Veuve Clicquot champagne and Hennessy Cognac.
Louis Vuitton owner LVMH is launching a new fashion brand with Barbadian singer Rihanna, in a rare move by the French group to set up a label from scratch as it taps into soaring demand for celebrity collaborations in the luxury world.
French luxury goods group LVMH said on Friday it was launching a new brand with Barbadian singer Rihanna, building on a previous joint venture in cosmetics with the "Umbrella" hitmaker to branch out into clothing, shoes and accessories.
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