LVMH earnings were a bloodbath. But its CFO is convinced becoming more affordable isn’t the answer
I think it would be a mistake,” said LVMH CFO Jean-Jacques Guiony during the company’s earnings call this week.
LVMH Revenue Falls, Sparking Fears Of A Luxury Market Recession
LVMH reported 3Q2024 ended down 3%, with Asia off 16% and Fashion & Leather Goods down 5%. LVMH called it a cyclical downturn ...
LVMH’s Head of Wines and Spirits Set to Leave Luxury Group
The head of LVMH’s wines and spirits division is set to leave as the world’s largest luxury company wrestles with a slump in ...
LVMH surprised by 'inaccurate rumours' about replacement of Moet Hennessy division head
French luxury goods group LVMH said it was "surprised by inaccurate rumors" about its Moet Hennessy division relayed on ...
LVMH’s Arnault Family in Talks to Buy Majority Stake in Storied Parisian Soccer Club
Agache, the holding company of LVMH founder and Chief Executive Bernard Arnault’s family, is in exclusive talks to buy a ...
LVMH executive says it would be a mistake to offer more affordable products. Here’s why he’s right.
While speaking during the company’s third-quarter earnings call, Guiony was asked if the recent 3% year-over-year sales ...
Luxury stocks slide as LVMH disappoints and Wall Street eyes few signs of stronger China demand despite stimulus
LVMH's commentary on demand in China was a warning for luxury brands, which have relied on Chinese consumers to drive growth ...
LVMH: Market Weakness Persists, But Price Has Corrected Enough (Rating Upgrade)
With LVMH facing a luxury market slump, the stock is now stabilized. See more on LVMUY stock and the potential impact of ...
Louis Vuitton owner LVMH sales slump on weak China demand, shaking luxury sector
The world’s largest luxury group saw its shares tumble as much as 7.5% Wednesday morning to a two-year low before ticking ...
Why LVMH Moët Hennessy Stock Tumbled on Tuesday
Business slumps happen all the time, but what's troubling about this is that the slide in fashion and leather goods was ...
LVMH shares hit by weak Q3 sales, dragging down luxury sector
Shares in LVMH fell on Wednesday, dragging down the broader luxury goods sector, after it missed expectations with a 3% drop in third quarter sales, adding to investor concerns about the consumer ...