The success of LVMH is a testament to the resilience of the super rich jose caireta There is a deeper trend behind LVMH’s growth over the past decade and more: the resilience of high-end consumers to almost any setback.
LVMH set for further growth despite uncertain global economic outlook RETAIL Investors will turn their focus to LVMH’s third quarter update on Tuesday to see if demand for luxury fashion goods continues to prevail.
LVMH: Demand for leather sends revenues soaring £36.2bn LVMH Revenues at LVMH reached €42.2bn (£36.2bn) in the first half of the year, as the luxury conglomerate was boosted by demand for leather handbags and fashion goods. The company, which is owned by one of the richest men in the world, Bernard Arnault, said that revenue was up 15 per cent compared to last year [...]
LVMH: Dior owner bolstered by demand for luxury goods but booze sales flag October 10, 2023 Luxury conglomerate LVMH reported organic revenue growth of 14 per cent at its third quarter results as it was bolstered by cash rich shoppers splurging on makeup and designer goods. The fashion giant, which owns the likes of Louis Vuttion and Dior, said revenues jumped 11 per cent year-on-year in its leather and fashion goods [...]
Are LVMH, Nestle, L’Oreal and Hermes Europe’s alternative to Microsoft, Apple, Nvidia and Tesla? April 9, 2024 Much has been made of the 'Magnificent Seven' tech stocks - Meta, Apple, Amazon. Alphabet, Microsoft, Nvidia and Tesla - which have dominated the US market amid a boom in demand for AI and, until recently, more optimism over potential interest rate cuts.
How Miu Miu escaped the luxury slowdown which hit LVMH, Gucci and Watches of Switzerland May 7, 2024 Miu Miu has managed to create a brand which taps into to the Chinese fashion trends Gen Z shoppers are looking for.
LVMH becomes first European company to reach $500bn in market value April 24, 2023 LVMH became the first European company to reach $500bn (£401bn) in market capitalisation on Monday morning as the luxury retailer was strengthened by a renewed demand from Chinese consumers. According to reports published in The Financial Times, shares in the Paris-listed company rose 0.3 per cent against last week’s close to €903.7 (£799) shortly after [...]
London’s tourist tax: Struggling luxury brands LVMH, Mulberry and Burberry have other problems, too January 17, 2024 Mulberry has fallen out of fashion with investors as shares slumped over four per cent this morning, with the luxury retailers expressing growing concerns about flattening sales and the tourist tax. The British fashion house, best known for its leather handbags, has had around £3bn wiped off its market value in the last five months [...]
LVMH boss promotes daughter Delphine Arnault to top position at Dior January 11, 2023 LVMH chairman and CEO Bernard Arnault has appointed his daughter Delphine Arnault as CEO of Christian Dior in a management shake-up. She succeeds Pietro Beccari, 55, who has headed Dior for nearly 12 years but has also been promoted. He is set to take over as CEO of Louis Vuitton from Michael Burke, who will [...]
Versace owner Capri snapped up by Coach’s Tapestry in £6.6bn mega-deal to challenge LVMH August 11, 2023 Tapestry, the American fashion giant behind luxury brands such as Coach and Kate Spade, has agreed to buy Capri the owners of designer Versace in a $8.5bn (£6.6bn) deal. The merger will form a larger fashion conglomerate which will rival the likes of LVMH, the multibillion pound business behind designers such as Louis Vuitton and [...]