|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's Range||540.80 - 548.00|
|52 Week Range||377.60 - 553.40|
|Beta (3Y Monthly)||1.12|
|PE Ratio (TTM)||35.74|
|Earnings Date||Feb 10, 2020 - Feb 14, 2020|
|Forward Dividend & Yield||10.50 (1.94%)|
|1y Target Est||524.67|
Dec.05 -- Senior executives at Kering SA, the owner of Gucci and Saint Laurent, have held exploratory talks with Moncler SpA about a potential deal for the Italian skiwear maker, people with knowledge of the matter said. Eric Pfanner reports on "Bloomberg Markets: European Open."
One scoop to start: CVC Capital Partners has held talks with Fifa and Real Madrid about funding the creation of ambitious new global football tournaments that will challenge the sport’s most popular leagues. If you’ve spent winters in Aspen or Chamonix, you’re likely to have seen a lot of skiers coming down the slopes kitted out in Moncler. The man behind the luxury skiing brand is Remo Ruffini, below, an Italian mogul who is the creative brains behind puffer jackets that can set you back thousands of dollars.
PARIS/MILAN, Dec 5 (Reuters) - The chief executive and top shareholder of puffer jacket maker Moncler played down speculation around a takeover by Gucci-owner Kering on Thursday, saying the two firms sometimes talked but that there was no deal in the works. Shares in the Italian label, which has become a luxury industry darling in recent years after a makeover under CEO Remo Ruffini, surged earlier after Bloomberg reported that it had held exploratory discussions with Kering.
European stocks mostly rose on Thursday, with the exception of U.K. equities, as multinationals suffered from the continued run-up in the British pound.
PARIS/MILAN (Reuters) - The chief executive and top shareholder of puffer jacket maker Moncler played down speculation around a takeover by Gucci-owner Kering on Thursday, saying the two firms sometimes talked but that there was no deal in the works. Shares in the Italian label, which has become a luxury industry darling in recent years after a makeover under CEO Remo Ruffini, surged earlier after Bloomberg reported that it had held exploratory discussions with Kering.
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From Valentino haute couture to Salvatore Ferragamo loafers, there are plenty of attractive targets for a luxury company on a shopping spree. Italian quilted jacket maker Moncler is the latest to have caught the eye of Gucci owner Kering. Given the benefits of scale, dealmaking will not stop with the recent tie-up between France’s LVMH and Tiffany of the US.
to buy Moncler, the Italian maker of lavish ski suits and quilted jackets, in the latest sign that the strongest players in European luxury are seeking to tighten their grip on the sector. If successful, an acquisition would see Kering add Moncler, which has a market value of €10.7bn, to its stable of luxury houses that also includes Yves Saint Laurent, Bottega Veneta and Balenciaga.
LONDON/PARIS, Dec 4 (Reuters) - The U.S. threat of tariffs on French goods from handbags to Champagne proved just a glancing blow to giants like LVMH and Kering this week, as investors refused to give up their decade-long love affair with luxury goods. The European luxury conglomerates are the leading lights of continental exchanges, just like digital behemoths Facebook, Amazon, Apple, Netlix and Alphabet's Google (FAANGs) are the vanguard of Wall Street stock indices and portfolios.
LONDON/PARIS (Reuters) - The U.S. threat of tariffs on French goods from handbags to Champagne proved just a glancing blow to giants like LVMH and Kering this week, as investors refused to give up their decade-long love affair with luxury goods. Equity analysts reckon the appeal of companies such as Hermes , whose Birkin handbags sell for $10,000-plus and often have waiting lists, will be undimmed despite attempts to hit their exports as retaliation for European taxation of U.S. digital companies. With a price tag of over 200 billion euros, Louis Vuitton and Christian Dior owner LVMH is the biggest stock by market capitalization on the Paris exchange and is worth twice as much as pan-European planemaker Airbus which is also at the centre of the transatlantic trade war.
travelled to Seoul to unveil a new Louis Vuitton store designed by architect Frank Gehry. During the short trip, Europe’s richest man also popped into a branch of Tiffany & Co, the US jeweller that his LVMH group had made an offer for earlier that month. Nothing escaped Mr Arnault’s critical eye.
Moody's Investors Service ("Moody's") has today affirmed LVMH Moet Hennessy Louis Vuitton SE's (LVMH) A1 long-term issuer rating and P-1 short-term issuer rating following the announced acquisition of jewelry manufacturer Tiffany & Co. (Tiffany, Baa2 ratings under review). In addition, Moody's has affirmed LVMH's senior unsecured notes A1 rating, the (P)A1 rating of its senior unsecured medium-term notes program and the P-1 commercial paper program rating of LVMH Moet Hennessy Louis Vuitton Inc. The outlook on both entities remains stable.
At the opening of a Louis Vuitton leather factory in Texas last month, President Donald Trump was given a hint about an upcoming deal that would be the luxury sector’s biggest ever. “I told the president I would buy something significant in the US, but I didn’t tell him the name,” said Bernard Arnault, chief executive of LVMH, the French luxury group that owns Louis Vuitton and has now agreed to buy Tiffany & Co for $16.6bn. Only two days before the ribbon-cutting ceremony, where the guest appearance by Mr Trump caused controversy for LVMH, Mr Arnault had sent a lieutenant to New York to approach Tiffany.
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European shares edged lower on Friday, as Brexit woes and Anheuser-Busch InBev's forecast of moderate annual profit growth offset strong sales from luxury goods makers. The UK Prime Minister conceded for the first time on Thursday that he could not meet his Oct. 31 Brexit deadline and called for a general election, seen as the only way to break the stalemate between him and parliament. The pan-European STOXX 600 was down 0.1% at 0715 GMT with most indices slightly lower, but France's CAC 40 outperformed and was up 0.3%.
Kering led a luxury goods share rally on Friday after its star fashion label Gucci posted stronger-than-expected sales, demonstrating how some brands have so far managed to counter the hit from protests in Hong Kong. Moncler shares were also rising, up 6% after the Italian puffer jacket maker's third quarter sales beat expectations. The firms joined rivals such as LVMH's Louis Vuitton and Hermes in easing fears of a major hit from months of pro-democracy demonstrations in Hong Kong that have caused them to temporarily close shops and which have kept tourists away.