French luxury conglomerate LVMH saw its stock slide by more than 6% following the Tuesday evening reveal of its 2024 annual results.
Government spokesperson Sophie Primas replied saying that 'everybody must do their bit,' although she conceded that she understood his 'anger.'
By Tassilo Hummel, Mimosa Spencer PARIS (Reuters) -Luxury giant LVMH is "seriously considering" bulking up its production capacities in the United States, CEO Bernard Arnault said on Tuesday, praising a "wind of optimism" in the country that contrasted with the "cold shower" of potentially higher corporate taxes in France.
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.
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,
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'.
Luxury giant LVMH eked a small gain in 2024 sales, underwhelming investors following buoyant results from rivals that signalled a turnaround for the sector
Goldman Sachs analyst Louise Singlehurst maintained a Buy rating on LVMH Moet Hennessy Louis Vuitton (0HAU – Research Report) today and set a