LVMH Moet Hennessy Louis Vuitton SE
Spirits maker Diageo removes medium-term guidance on U.S. tariff uncertainty
Bottles of Diageo-owned Johnnie Walker Red Label whisky in a supermarket in Chelmsford, UK, on Tuesday, Jan. 28, 2025. Bloomberg | Getty Images Spirits maker Diageo said Tuesday that it is taking steps to deal with the potential impact of U.S. tariffs on key supply chain regions and has removed its medium-term guidance due to […]
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LVMH watch and jewelry CEOs see luxury sales picking up in 2025
After a year of declines, sales of watches and jewelry at luxury giant LVMH rebounded in the latest quarter and continued to shine into January, according to several of the company’s brand CEOs. In its earnings call this week, LVMH reported that sales for its watches and jewelry group increased 3%, after falling in the […]
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Shares of LVMH drop 5% as full-year results throw doubt on broad luxury recovery
A photograph taken on April 23, 2024 shows a view of the new Louis Vuitton luxury shop belonging to French luxury group LVMH Moet Hennessy Louis Vuitton SA, on the Champs Elysee avenue in Paris. Julien De Rosa | Afp | Getty Images Shares of LVMH dropped 5% on Wednesday after slightly better-than-expected annual results […]
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World’s largest luxury group LVMH posts better than feared full-year sales
A Louis Vuitton storefront in San Diego, California. Kevin Carter | Getty Images News | Getty Images The world’s largest luxury company LVMH on Tuesday reported better-than-expected full-year sales, in the strongest sign yet of a potential turnaround in the high-end sector. The owner of brands including Louis Vuitton, Moët & Chandon and Hennessy posted […]
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Europe stocks higher; tech makes cautious rebound after global rout fueled by China AI concerns
French consumer confidence recovers in January French consumer confidence rose by 3 points month-on-month to 92 in January, its highest level since February 2022, according to the national statistics bureau. The monthly consumer confidence survey signaled strengthening household confidence in the French economy, but the numbers are still below the long-term average of 100 points. […]
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European markets set to start the new trading week on a somber note
European markets are expected to start the new trading week in negative territory on Monday, with investors in the region gearing up for a busy period of earnings and the European Central Bank’s latest interest rate decision. The U.K.’s FTSE 100 index is expected to open 7 points lower at 8,488, Germany’s DAX down 68 […]
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Europe’s luxury giants brace for a turnaround in fortunes amid China pivot
Europe’s beleaguered luxury sector could be set for a turn in fortunes this year, as early indicators point to improved consumer spending and a pivot away from China. Luxury shares shot up in trading last week after Cartier owner Richemont reported its “highest ever” quarterly sales in the three months to December, indicating a rebound […]
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Europe markets open higher; luxury stocks pop on Richemont results, LVMH up 8%
UK economy grew by less-than-expected 0.1% in November; sterling falls U.K. gross domestic product increased by 0.1% in November, according to data published by the Office for National Statistics, below a Reuters forecast for 0.2% economic growth. The British pound extended losses to trade 0.28% down against the U.S. dollar and 0.24% lower against the […]
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EU challenges Chinese brandy tariffs at WTO
HAIKOU, CHINA – DECEMBER 17: People purchase brandies during the 26th China (Hainan) International Winter Trade Fair for Tropical Agricultural Products at Hainan International Convention And Exhibition Center on December 17, 2023 in Haikou, Hainan Province of China. Meng Zhongde | Visual China Group | Getty Images The EU Commission said on Monday it had […]
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One of the world’s richest families plans to create Paris’s next big soccer success
France’s billionaire Arnault family, owners of luxury group LVMH and one of the richest dynasties on the planet, is preparing to secure majority ownership of minor soccer club Paris FC — but sees any sporting turnaround as a long-term aim. Antoine Arnault, son of LVMH CEO and Chairman Bernard Arnault, told CNBC the investment in […]
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