LVMUY - LVMH Mct HenneSy - Louis Vuitton, Societe Europeenne
| Previous Close | 80.86 |
| Open | 80.85 |
| Bid | 0.00 x 0 |
| Ask | 0.00 x 0 |
| Day's Range | 80.85 - 81.47 |
| 52 Week Range | 54.36 - 88.00 |
| Volume | 137,681 |
| Avg. Volume | 96,942 |
| Market Cap | 207.715B |
| Beta (3Y Monthly) | 0.80 |
| PE Ratio (TTM) | 29.26 |
| EPS (TTM) | 2.78 |
| Earnings Date | N/A |
| Forward Dividend & Yield | 1.78 (2.19%) |
| Ex-Dividend Date | 2019-04-23 |
| 1y Target Est | N/A |
- Simply Wall St.
Is LVMH Moët Hennessy - Louis Vuitton, Société Européenne's (EPA:MC) 21% ROE Better Than Average?
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An Investor's Look at Some of the World's Luxury Brands
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- Simply Wall St.
A Look At LVMH Moët Hennessy - Louis Vuitton, Société Européenne's (EPA:MC) Exceptional Fundamentals
LVMH Moët Hennessy - Louis Vuitton, Société Européenne (EPA:MC) is a stock with outstanding fundamental...
- InvestorPlace
10 Stocks to Buy to Ride China’s Emerging Wealth
A recent statistic from GlobalData said that the affluent population in China, which includes both mass affluents and high-net-worth individuals, is expected to grow by 41% from 40.13 million to 56.67 million. Chinese stocks will benefit from this ongoing surge in the number of wealthy people in the country. According to GlobalData, the "mass affluent" includes anyone with liquid assets between $50,000 and $1 million, while the "high-net-worth individual" is anyone with liquid assets of more than $1 million. China is home to the third-highest number of affluent people behind only the U.S. and Japan. "This growth will be driven by rising levels of urbanization, infrastructure expansion, and high investment inflows in the country. Going forward, the number of affluent Chinese individuals is forecast to grow at a similar rate, reflecting the country's positive economic growth," stated Shivani Gupta, Wealth Analyst at GlobalData. InvestorPlace - Stock Market News, Stock Advice & Trading Tips * 7 Best Tech Stocks to Buy Right Now So, which Chinese stocks will win between now and 2022? A likely place to start for stocks to buy are those companies focused on retail, both online and off. Not all of them will be based in China to benefit from the surge in the affluent population. Here are what I believe to be the 10 stocks to buy to ride this trend. Stocks to Buy: New Oriental Education (EDU)Source: Shutterstock New Oriental Education (NYSE:EDU) is the largest provider of private educational services in China. Those with the means to provide their children with additional schooling and tutoring are going to do so. EDU stock will benefit from this demand. On July 23, New Oriental announced its fourth-quarter results. They were extremely healthy. On the top line, net revenue increased by 20.2% compared to last year to $842.9 million, with operating income up 36.0% to $77.0 million. In fiscal 2019, New Oriental saw sales increase 26.5% to $3.1 billion, with operating income rising 16.2% to $305.5 million. During the fourth quarter, the company saw total student enrollments in academic subjects tutoring and test preparation courses increase by 33.9% to 2.8 million people, with the number of schools and learning centers increased by 152 to 1,233. On Aug. 29, EDU stock hit a 52-week high of $112.49. Its stock is up 98.4% year to date. New Oriental continues to be one of my favorite Chinese stocks. Alibaba (BABA)Source: Nopparat Khokthong / Shutterstock.com As Chinese stocks go, Alibaba (NYSE:BABA) has the highest potential to do big things outside its domestic market. While the Chinese market is massive, it is the market share that it can capture outside of China that will dictate how big it becomes. The e-commerce dynamo recently had a bit of a setback. It had planned to list its shares in Hong Kong by doing a secondary offering to raise a little cash and more importantly, bring its stock a little closer to home. Unfortunately, with all the protests going on over there, it decided to delay its Hong Kong listing until the fall or later. As I wrote on Aug. 26, it's not a big deal because of the company's firing on all cylinders at the moment. Its e-commerce and cloud businesses had revenue growth of 40% and 66% year over year in the latest quarter. It finished the quarter with $30.7 billion in cash. Alibaba stock is up 24% year to date. Nio (NIO)Source: THINK A / Shutterstock.com For Nio's (NYSE:NIO) sake, the affluent in China better be buying both its ES8 (7-seater) and ES6 (5-seater) over the next 12-24 months, because if they're not willing to fork over the dough for the tech-heavy SUV, it's unlikely that the middle class will be ready to spend the money. Also, the Chinese government is winding down the EV and plug-in hybrid subsidies. By the end of 2020, they should be gone. Adding to Nio's troubles, Tesla (NASDAQ:TSLA) is expected to begin manufacturing the Model 3 in China by the end of 2019. Those Tesla's will come with lower prices due to the lack of a tariff on the vehicles. I've been very tough on Nio in the past year because it loses more money than it generates in sales. That's not a sustainable business model. However, it's hard to deny that its vehicles are attractive. * The 8 Worst Stocks to Buy Before the Trade Turmoil Cools Off At less than $3, NIO stock is a good buy, but for aggressive investors only. Ctrip.com (CTRP)The one thing I know about the wealthy is that they love to travel.Carlyle Group (NASDAQ:CG) Co-Chairman David Rubenstein recently had an interesting story to share with Ctrip.com (NASDAQ:CTRP) CEO Jane Sun while speaking together at the 2019 Aspen Action Forum in Aspen, Colorado. Rubenstein mentioned that he had invested in the Chinese travel service provider back in 2003 when it was valued at $100 million. Rubenstein sold his stock for a 450% profit."At the time, we thought how brilliant are we? The company is today worth USD $21 billion. I guess I sold too soon, right?" Rubenstein told the Aspen audience. "I'm sure that the travel industry will continue to grow, and Ctrip's will capitalize on those opportunities," Sun said. "And I hope we can live up to the expectations of promoting the global economy and global peace."Although geopolitical issues are affecting leisure and corporate travel in China at the moment, the long-term prognosis continues to be good as the affluent look to do more air travel than in the past. China Life Insurance (LFC)Source: GotCredit via FlickrChina Life Insurance (NYSE:LFC) is one of the largest life insurance companies in China. It has more than 285 million life insurance policies, annuities, and other financial contracts in place. It is also one of the country's largest asset managers due to its controlling stake in China Life Asset Management Co. Ltd. The insurer reported its latest quarterly report on Aug. 22. Its net profit was 129% higher year over year to $5.3 billion. Its total premiums increased by 5% during the quarter and its stock is up 12.8% year to date through Aug. 28.In November, I suggested that LFC stock was one Chinese stock I thought was worth buying given it had lost 31% with one month left in 2018. Since then it's up 14%. * 7 Stocks to Buy Down 10% in the Past Week 68%-owned by the Chinese government, some investors might not feel all that comfortable about their investment. I'm not one of them. It is the Berkshire Hathaway (NYSE:BRK.A, NYSE:BRK.B) of China. Autohome (ATHM)Source: Shutterstock As I mentioned in the section on Nio, the affluent are big car buyers. Autohome (NYSE:ATHM) provides consumers in China with the information and services required to successfully buy a car, including financing, insurance, used car sales, etc. The company announced its second-quarter results Aug. 7 and they were very healthy. On the top line, Autohome's revenue increased by 23.5% to $323.2 million. On the bottom line, net income increased by 14.9% to $119.7 million. That's a very impressive net margin of 37%. "In the second quarter, we maintained the solid growth momentum in our core business. Our new initiatives once again picked up steam and gained positive market recognition," stated CFO Jun Zou.On Aug. 18, Autohome held the world's first virtual reality auto show with more than 80 auto brands and over 2,400 dealers taking part. It plans to do more of this type of activity in the future to increase the exposure of the auto industry in China. If Autohome keeps this up, you can be sure the profits will continue to roll in. Noah Holdings (NOAH)If there's a Chinese stock that confuses me, it's got to be Noah Holdings (NYSE:NOAH). The Shanghai-based wealth manager aims to service clients with a net worth of a least $140,000. I've recommended it on several occasions in the past because I felt the growing middle class in China, not to mention the affluent class, would provide it with plenty of business. However, despite having more than $25 billion in assets under management and a growing online presence, its stock has lost half its value since reaching a $4 billion market cap in May 2018. As the Financial Times recently reported, the company distributed products involving supply-chain financing from a third party to its clients that turned out to be fraudulent. Noah reported Q2 2019 earnings on Aug. 28. In its conference call, NOAH openly dealt with the issue and feels the incident will eventually be in the rearview mirror. * 10 Stocks to Buy for September Do your due diligence on Noah, but this latest issue won't change my opinion about the company. I still believe it's got an excellent opportunity to win over a big chunk of the Chinese wealth management business. LVMH (LVMH)Source: Shutterstock If there's a company to benefit from the increase in affluent people in China, it would have to be LVMH (OTCMKTS:LVMUY), whose Louis Vuitton bags, Tag Heuer watches, and Moet & Chandon champagne are fashionable in the country of 1.4 billion people. In June, Vuitton Chief Executive Michael Burke said that Louis Vuitton is experiencing "unheard of growth rates" in China. The Chinese are buying more handbags and watches domestically than they are while traveling outside the country. One of the advantages for LVMH is that the Chinese have lowered tariffs from European products to encourage consumers to buy in China instead of overseas, and then resell them once back on the mainland. Regardless of what's happening with the U.S.-China trade war, LVMH CEO and founder Bernard Arnault continues to build a retail conglomerate like no other. Arnault is currently the world's third-richest person with a net worth of $96.0 billion, $27.4 billion higher in 2019, vaulting him $16 billion ahead of Warren Buffett. China will continue to be good for both LVMH and Arnault. Manulife Financial (MFC)I thought I would throw in a Canadian company that's doing well in China. Manulife Financial (NYSE:MFC) is primarily a life insurance company. It owns John Hancock in the U.S. and has a large wealth and asset management business.In the second quarter ended June 30, Manulife had C$1.45 billion in core earnings, C$471 million from its Asian business, which represents 32% of its overall earnings. By contrast, its Canadian insurance business accounts for 21% of its core earnings while the U.S. is responsible for 30% of its core earnings. Its global wealth and asset management business accounted for the remaining 17%. CEO Roy Gori, who ran the company's Asian business before taking the top job, said about the second quarter:"We delivered solid core earnings and net income of $1.5 billion in the quarter, with double-digit core earnings growth in Asia," Gori stated. "We have also taken steps to further strengthen Manulife's long-term growth opportunity in Asia, including entering into an asset management joint venture agreement in India." * 10 Marijuana Stocks That Could See 100% Gains, If Not More Although the company's Asian head office is in Hong Kong, it also has offices in Shanghai and Beijing. The company's first insurance policy in Asia was sold in Shanghai in 1897. iShares MSCI China (MCHI)Source: Shutterstock One of the quickest and easiest ways to benefit from the surge in affluent people in China is to buy an ETF like the iShares MSCI China ETF (NYSEARCA:MCHI), which provides exposure to a portfolio of mid-sized and large-sized companies based in China. The ETF tracks the performance of the MSCI China Index. It has a total of 462 holdings with a significant number of Chinese financial stocks that aren't listed in the U.S. Given wealthy people generally are in greater need of financial services, owning this ETF would help you ride the affluent trend. It charges 0.58% annually, which is reasonable given that many of the stocks can't be bought on a U.S. exchange. The ETFs top 10 holdings account for 48% of its $3.5 billion in total assets. The top three sectors: consumer cyclical, financial services, and technology, account for 67% of its total holdings. The average market cap is $67.3 billion. At the time of this writing Will Ashworth did not hold a position in any of the aforementioned securities. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Best Tech Stocks to Buy Right Now * 10 Mid-Cap Stocks to Buy * 8 Precious Metals Stocks to Mine For The post 10 Stocks to Buy to Ride Chinaas Emerging Wealth appeared first on InvestorPlace.
- Benzinga
Shryne Group Hires Former Canndescent, Diageo, LVMH Marketing Exec As CMO
Elisabeth Baron has joined the Shryne Group as its first Chief Marketing Officer. The Shryne Group is a vertically-integrated cannabis holding company with an asset and license portfolio covering the breadth of California.
- Simply Wall St.
When Should You Buy LVMH Moët Hennessy - Louis Vuitton, Société Européenne (EPA:MC)?
LVMH Moët Hennessy - Louis Vuitton, Société Européenne (EPA:MC) saw significant share price movement during recent...
- Barrons.com
The Hong Kong Protests Could Ding Tiffany and Other Luxury Brands
The continuing protests in Hong Kong have added another layer of worry to the geopolitical landscape, and while the stakes are certainly higher than handbag sales, investors may still be concerned about how the unrest will impact luxury-good makers.
- Motley Fool
These 3 Rock-Solid Retailers Don't Share Macy's Pain
American Eagle Outfitters, TJX, and LVMH didn’t deserve to take stock price hits along with Macy’s this week.
- IPO-Edge.com
INTERVIEW: Canada Goose CEO Aims for Margins in New Categories to Match Down Parkas
By John Jannarone Luxury apparel company Canada Goose Holdings Inc. intends for gross margins on new products to reach those of its down-filled parkas over the long term and its upcoming footwear products should also deliver best-in-class profits. That’s according to an interview CEO Dani Reiss gave to IPO Edge Wednesday after the company posted […]
- CorpGov.com
Why Investors Should Embrace Canada Goose’s Maverick Style
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- Bloomberg
The Fashion Elite Is Offending People Again With China T-Shirt Storm
(Bloomberg Opinion) -- For luxury brands, worries about Chinese politics have switched this week from the impact of Hong Kong street protests to the output of their own design studios. In the space of a couple of days, Versace, Coach and Givenchy have all had to apologize for failing to respect the country’s territorial integrity. The offending garments were t-shirts that listed Hong Kong, Macau and Taiwan as separate from China. Beijing wasn’t amused, and neither were lots of social media users who threatened boycotts of the western fashion houses. Liu Wen, a Chinese Supermodel, ended her brand ambassador relationship with Coach – which is owned by the U.S. firm Tapestry Inc.Putting aside where you might stand on Beijing’s intentions toward Taiwan, it’s surprising for big global companies (Givenchy is owned by France’s LVMH Moet Hennessy Louis Vuitton SE and Versace by the U.S.-listed Capri Holdings Ltd) to make a diplomatic gaffe like this given China’s increasing touchiness on this subject. After all, they have legal teams and public affairs departments who should be on top of potential political pitfalls and any incidents that emerge elsewhere in the industry.In fairness, it’s difficult when you’re running complex organisations that span creative and corporate functions. It can be hard to keep tabs on every garment produced for every catwalk show or department store. But the fashion industry has picked up a habit of annoying Chinese shoppers. The Italian fashion house Dolce & Gabbana caused outrage last year when it ran a promotional video showing a Chinese model struggling to eat spaghetti with chopsticks.All of this suggests the luxury groups need to employ people with oversight of their creative teams who have a proper understanding of the places in which they operate. Ben Cavender, managing director of China Market Research Group, goes further, saying that companies should appoint a “chief culture officer” to combat the industry’s recurrent problems.The western companies are reliant on Asia for much of their profits. Chinese consumers are by far their biggest customers, accounting for about one-third of total spending on luxury goods. Coach owner Tapestry gets 12% of its sales from greater China, while LVMH gets 33% from Asia, when excluding Japan.Chinese shoppers are also extremely active on social media, so campaigns against particular labels are potentially very damaging. The research firm Gartner L2 found that Dolce & Gabbana’s Chinese social media engagement fell 98% in the first quarter of 2019 after the spaghetti outcry.The t-shirt controversy is badly timed given that the luxury companies are already having to manage the impact of the Hong Kong protests on their sales in the city. The protests have shut stores and deterred Asian shoppers from travelling there, with the airport brought to a standstill this week (bad news too for duty-free purchases). Hong Kong by itself remains a significant market for high-end goods, accounting for between 5% and 10% of global luxury sales, according to analysts at Bernstein. With sensitivities running so high, and sales channels already so challenged, the big brands have little margin for error. Beijing’s demands this week that Cathay Pacific Airways Ltd. bar any air crew who supported the Hong Kong protests from working on China flights shows how far the political situation is starting to affect business. This is a moment for careful management.To contact the author of this story: Andrea Felsted at afelsted@bloomberg.netTo contact the editor responsible for this story: James Boxell at jboxell@bloomberg.netThis column does not necessarily reflect the opinion of the editorial board or Bloomberg LP and its owners.Andrea Felsted is a Bloomberg Opinion columnist covering the consumer and retail industries. She previously worked at the Financial Times.For more articles like this, please visit us at bloomberg.com/opinion©2019 Bloomberg L.P.
- Bloomberg
Hong Kong’s Luxury Bust Goes Deeper Than Protests
(Bloomberg Opinion) -- Don’t blame street protests for the luxury bust in Hong Kong. They hurt, but there are bigger issues at play that have been building for a while.Hong Kong is on alert for signs that demonstrations against the way China’s special territory is being run are damaging the economy. So far, the impact has been small. The confrontations between black-shirted protesters and riot police may have shut down subway lines and defaced public buildings, but private property hasn’t been targeted. Shop windows displaying the likes of Prada handbags and Gucci loafers remain unsmashed even if tear gas outside deters passersby. Contrast that with a class-warfare struggle like, say, the Yellow Vests in Paris. But Hong Kong is undoubtedly feeling luxury pain. The dominant buyers are mainland Chinese who account for 30% of such purchases worldwide. While turned off by what some of them see as unpatriotic disorder, they were already curbing sprees in Hong Kong well before mass marches against an extradition bill kicked off the unrest. Chinese visitor arrivals have been gradually declining since January, tourism data show. The trade war and its impact on currency have eroded purchasing power. Hong Kong’s peg to the U.S. dollar means that the yuan’s slump this week to an 11-year low will further put off Chinese shoppers. That will eventually ripple through to other luxury destinations. Recent events will take a toll. The Hong Kong Retail Management Association has predicted double-digit declines in sales for July and August from the same period in 2018. June retail sales fell 6.7% from a year earlier, provisional government data show, dragged down by a whopping 17.1% plunge in jewelry, watches, clocks and "valuable gifts."That’s bad news for a city that built a reputation on luxury shopping and makes up between 5% and 10% of global purchases, according to analysis from Bernstein Research. But the former British colony has been losing its luster for bling for a while now.Chinese luxury shoppers still opt for Hong Kong as their No. 1 destination, followed by France, Japan, the U.S. and China, HSBC Holdings Plc said in an April research report. But as Chinese grow wealthier and better-traveled, short shopping trips across the border have a been-there, done-that feel.Blase but bargain-eyed tourists are quick to tie up a shopping trip with a sightseeing one. Buying that LVMH SA handbag in Paris is less of a big deal than it used to be. Violent protests scared tourists away from Paris for a while, giving Hong Kong a cushion, but they returned to the French capital in the spring, Bernstein Research found.Then there’s the online challenge. A lot more luxury buying happens at home as brands cater to China’s digitally savvy shoppers. HSBC reckons that there will be 50-50 split between overseas and domestic shopping within two years, from 75-25 a few years ago. Chinese buyers still face a price gap. Louis Vuitton’s Speedy bag 25 (with strap) sells for 1,020 euros ($1,143) in France, HK$11,800 ($1,505) in Hong Kong and 10,900 yuan ($1,552) in China. Beijing, however, has been cutting value-added and import taxes to encourage consumers to spend more at home. The overall gap with prices in France has narrowed from more than 50%. Luxury brands are picking ambassadors like pop idols Kris Wu and or Lu Han to fight back. They’re also watching prices. French luxury goods group Kering SA cut prices on its Italian Gucci brand by 3% in China after the latest round of value-added taxes came into effect in April but still boasts strong sales there. In contrast, less trendy Italian fashion house Prada SpA posted a 5.1% drop in greater China first-half sales. When times are tough and the economy is slowing, Chinese consumers, like those elsewhere, become picky. One area that’s stayed resilient is high-end fashion with a sporty twist, due to its popularity with millennials. They like Balenciaga SA's Triple S sneakers and the gym clothes co-launched by Louis Vuitton and New York-based skate brand Supreme.At some point as the trade war intensifies, Chinese appetite will further diminish. Other markets won’t be spared. Hong Kong is proving a trip-wire for brands coping with some of the world’s highest rents. But the clouds of tear-gas shouldn’t obscure longer bad times coming for bling. To contact the author of this story: Nisha Gopalan at ngopalan3@bloomberg.netTo contact the editor responsible for this story: Patrick McDowell at pmcdowell10@bloomberg.netThis column does not necessarily reflect the opinion of the editorial board or Bloomberg LP and its owners.Nisha Gopalan is a Bloomberg Opinion columnist covering deals and banking. She previously worked for the Wall Street Journal and Dow Jones as an editor and a reporter.For more articles like this, please visit us at bloomberg.com/opinion©2019 Bloomberg L.P.
- Simply Wall St.
Should You Worry About LVMH Moët Hennessy - Louis Vuitton, Société Européenne's (EPA:MC) CEO Pay Cheque?
Bernard Arnault has been the CEO of LVMH Moët Hennessy - Louis Vuitton, Société Européenne (EPA:MC) since 1989. This...
- Bloomberg
Hugo Boss Suits Are Out of Favor With Americans
(Bloomberg Opinion) -- As if the luxury goods industry didn’t have enough to worry about with the troubling developments in its key Asia markets, Hugo Boss AG has raised the specter of things going wrong in America too.The maker of smart suits said on Thursday that its sales (when excluding currency movements) and earnings growth would be at the lower end of its anticipated range this year. It blamed weakness in the U.S., which accounted for 14% of revenue in the first half. The company now expects group sales to rise by 4%-5% in 2019 and a 7%-8% increase in earnings before interest and tax.Hugo Boss said a plethora of factors were behind the 5% fall in underlying U.S. sales in the second quarter. While some might read these as excuses for poor performance, they do ring true. That should worry the rest of the garment-makers.The U.S. retail market has had a difficult time this year after poor weather in the first three months. That left shops, particularly department stores, carrying too much stock, which has led to heavy discounting. Meanwhile, fewer Asian tourists have visited Hugo Boss’s American stores because of the weakness of the yuan and the trade tensions between Washington and Beijing.The German company is not alone in its U.S. travails. Kering SA’s Gucci also suffered a slowdown in sales there. Some of that may be down to the brand losing momentum generally, but it it might also reflect weaker tourist demand.Comparisons with last year are also tough, because high-end shoppers were flush with cash back then from President Donald Trump’s tax cuts. Bain & Co, a consulting firm, noted this trend in its most recent report on the luxury industry.But Hugo Boss appears more exposed to these U.S. setbacks than some of the mega-brands such as France’s LVMH Moet Hennessy Louis Vuitton SE, which reported knockout sales last week. Hugo Boss is a staple of American department stores and this sector has been suffering.The company’s focus on clothing, rather than faster growing luxury sectors such as handbags, is another drawback, as is its positioning as simply a premium brand rather than the ultra-expensive ranges owned by LVMH, Kering and Switzerland’s Compagnie Financiere Richemont SA. The super-wealthy tend to be more resilient spenders than the merely comfortably off, who have greater cause to fear the economic effects of everything from Trump’s trade war to Brexit.Even so, the bigger groups can’t afford to be complacent about any cracks in the U.S. market. With American shoppers accounting for 22% of total personal luxury goods sales in 2017, according to Bain, this is a crucial territory. And it needs to be set alongside the difficulties in Asia, with the protests in Hong Kong denting sales – especially of watches.As for Hugo Boss, the stumble will make it even harder for it to reach its 2022 target of 5%-7% sales growth and a 15% operating margin. While chief executive Mark Langer is pursuing a sensible strategy, including rationalizing the company’s brands, improving its casual wear offering, and bolstering its web business, these targets always looked ambitious.While the chief risk remains a slowdown in Asian demand, a weaker U.S. doesn’t suit Hugo Boss at all.To contact the author of this story: Andrea Felsted at afelsted@bloomberg.netTo contact the editor responsible for this story: James Boxell at jboxell@bloomberg.netThis column does not necessarily reflect the opinion of the editorial board or Bloomberg LP and its owners.Andrea Felsted is a Bloomberg Opinion columnist covering the consumer and retail industries. She previously worked at the Financial Times.For more articles like this, please visit us at bloomberg.com/opinion©2019 Bloomberg L.P.
- Zacks
The Zacks Analyst Blog Highlights: Roche, LVMH-Moet Hennessy Louis Vuitton and General Electric
The Zacks Analyst Blog Highlights: Roche, LVMH-Moet Hennessy Louis Vuitton and General Electric
- Reuters
CORRECTED-J.C. Penney tie-up favourable for Sephora business - LVMH
U.S. sales at beauty retailer Sephora picked up in the second quarter after a sluggish end to 2018, its parent LVMH said on Wednesday, citing its continued tie-up with U.S. department store J.C. Penney. The 117-year-old money-losing chain, based in Plano, Texas and which has rolled out hundreds of Sephora shops within its stores across the United States, hired advisers to explore debt restructuring options, Reuters reported last week. J.C. Penney Co Inc said in a statement it had no significant near-term debt maturities and was not preparing for bankruptcy.
- Simply Wall St.
LVMH Moët Hennessy - Louis Vuitton, Société Européenne (EPA:MC): Poised For Long Term Success?
In December 2018, LVMH Moët Hennessy - Louis Vuitton, Société Européenne (EPA:MC) released its earnings update...
