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LVMH Moët Hennessy - Louis Vuitton, Société Européenne (LVMUY)

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153.94+2.13 (+1.40%)
At close: 3:52PM EDT
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Neutralpattern detected
Previous Close151.81
Open152.09
Bid0.00 x 0
Ask0.00 x 0
Day's Range151.67 - 154.21
52 Week Range70.00 - 154.21
Volume60,567
Avg. Volume160,426
Market Cap386.631B
Beta (5Y Monthly)0.96
PE Ratio (TTM)68.50
EPS (TTM)2.25
Earnings DateN/A
Forward Dividend & Yield1.45 (0.97%)
Ex-Dividend DateApr 16, 2021
1y Target EstN/A
  • LVMH:  Ordinary General Meeting of Friday, May 28, 2021 - Procedures for making available and consulting preparatory documents
    GlobeNewswire

    LVMH: Ordinary General Meeting of Friday, May 28, 2021 - Procedures for making available and consulting preparatory documents

    Société Européenne with share capital of 151 427 201,70 eurosRegistered office : 22, avenue Montaigne – 75008 Paris775 670 417 RCS PARIS Given the extension of the public health state of emergency until June 1, 2021 and in accordance with the measures adopted by the French government to stem the spread of the Covid-19, the Board of Directors decided, in accordance with the relevant legal and regulatory provisions in force, to hold behind closed doors its Shareholders’ Meeting on Friday, May 28, 2021 at 10:30 a.m. at the Company’s registered office at 22 avenue Montaigne - 75008 Paris (France). As a result, no admission cards will be issued. The means of taking part in the Shareholders’ Meeting are described in the convening notice published in the Bulletin des Annonces Légales Obligatoires (BALO) on Friday, May 7, 2021, in Issue No. 55 (https://www.journal-officiel.gouv.fr/balo/annonce/202105072101411-55) and in the convening brochure sent to shareholders. The draft proposed single resolution is published in the BALO on Wednesday, April 21, 2021 in Issue No. 48 (https://www.journal-officiel.gouv.fr/balo/document/202104212101036-48). These publications are also available on the Company’s website, www.lvmh.com (under Investors / Events / Ordinary General Meeting May 28, 2021). The documents and information concerning the Shareholders’ Meeting will be made available to shareholders as provided by applicable regulations. In accordance with Article R.22-10-23 of the French Commercial Code, shareholders will be able to consult on the LVMH website www.lvmh.com (under Investors / Events / Ordinary General Meeting May 28, 2021), the informational documents in preparation for this Meeting. Shareholders are invited to regularly consult the Company’s website to remain up-to-date with the latest announcements. Attachment AGM - Procedures for making available and consulting preparatory documents - May 28th 2021

  • Facebook Chats Power a New $48 Billion Market in Social Commerce
    Bloomberg

    Facebook Chats Power a New $48 Billion Market in Social Commerce

    (Bloomberg) -- Samantha Proyrungtong, co-owner of an artisan food shop in downtown Bangkok, keeps three phones and a laptop glued to Facebook and Softbank Group-backed Line Corp.’s social-media app throughout the workday. She needs them not to hear from friends and relatives but to get orders from customers since her shop, Vivin Grocery, relies on chat applications for a big part of its sales of goat cheeses, locally sourced jams and organic vegetables.Throughout Southeast Asia, consumers’ affection for haggling and interacting with businesses is fueling a boom in social commerce. Unlike the U.S. or China, where most consumers do their internet shopping with established platforms run by companies like Amazon.com Inc. and Alibaba Group Holding Ltd., in Thailand almost half of all e-commerce takes place through social media or chat rooms on Facebook, WhatsApp or Line’s app.Social commerce accounted for about 44% of Southeast Asia’s $109 billion e-commerce market last year, according to Bain & Co.Customers can talk directly with store employees or the owners themselves about prices and sales, and the relationships built through personal conversations have helped drive social commerce’s popularity.The rapid adoption of commerce via social media across the region could offer valuable lessons to internet giants like ByteDance Ltd. and Facebook’s Instagram, which are experimenting with the format as they try to disrupt the traditional styles of platform commerce.On a recent weekday afternoon, Proyrungtong received a message from a customer through one of the store’s official messaging accounts asking whether their double-duck sandwich was available. Proyrungtong messaged back to confirm the duck’s availability, quickly concluded the sale, confirmed receipt of payment via bank transfer and arranged a time for pick-up at the store, all via messages.“We saw the need to shift online and have a competitive platform that people can order easily off of,” she said, adding that managing customers can be challenging.“You need someone who can accommodate your customers and know your product,” said Proyrungtong, “so it’s not just having the channels to sell but also people to take care of it.”The pandemic has led global brands such as Chanel and Louis Vuitton as well as Thai brick-and-mortar retailers to register for accounts on Line, spurring a 25% annual growth in official accounts in 2020, said Norasit Sitivechvichit, chief commercial officer of Thailand’s most-used messaging platform, which charges retailers based on their messaging activity and number of followers.“Chat commerce has become a disruptor,” he said. “Not just small and medium-size enterprises are conducting chat commerce on Line, but also global and local corporate brands.”Southeast Asian countries are natural places for the model, said Alessandro Cannarsi, a Singapore-based Bain & Co. partner. “The fact that these are very young, tech savvy populations, especially on mobile, and they’re very entrepreneurial, encourages social commerce,” he said.Vietnam led the region, with social commerce accounting for 65% of its $22 billion online retail economy, compared to $4.2 billion in 2018. Social commerce revenue in Thailand grew from $3 billion three years ago to about $11 billion in 2020, half of the total e-commerce market.The popularity of personalized buying experiences and human-to-human conversations in an online shopping setting has led traditional retailers to allocate resources to chat platforms as shoppers remain home because of the pandemic. Thailand’s government in April announced new restrictions on malls, requiring them to shut by 9 pm from May, to curb a surge in Covid-19 infections.“Because of Covid-19, it grew very quickly at a much faster pace than many other channels,” according to Pimnara Hirankasi, acting head of Analytics and Intelligence Research Department at Bank of Ayudhya Pcl.’s Krungsri Research. “Having a seller present to respond to customers’ questions builds engagement while also creating more confidence for buyers before making their purchases.”In countries like India, the popularity of shopping through WhatsApp has led Reliance Industries Ltd. to target 20% of sales at its Hamleys toy stores through direct selling over the messaging application. The Facebook-owned messaging application added shopping carts into its chat rooms last year to court more merchants and tap onto its 2 billion user base to shop on its platform.A search for home decor, fashion accessories or tech gadgets on Facebook or Instagram will often lead shoppers to find businesses’ pages, wares offered and prices listed on social media profiles filled with carefully orchestrated photographs to make their pages look enticing, similar to a digital photo catalog or magazine.Natthapatt Sooppapipatt, a 21-year-old Thai university student, buys clothes, collectible figurines and accessories for her dogs from small stores through Instagram, and likes the way she can communicate with a real person via the app. “Receiving bot replies like ‘we will reach out to you’ or ‘we are a bit busy right now’ makes me feel scammed,” she said. “I want to talk to a human, someone who can understand my wants and concerns.”Unlike more established e-marketplaces, though, the chat applications on social media pages aren’t designed for commerce and don’t include payment systems, so customers need to use external payment methods, such as direct bank transfers or e-wallet services like Amazon Pay and GrabPay to finalize sales.The popularity of social commerce creates challenges for regulators. Independent vendors or individuals operating home businesses on social media platforms can offer cheaper prices in part because they often don’t include tax charges, and authorities have difficulty confirming that stores operating on social media pages pay the correct amount of tax, according to Sommai Siriudomset, a spokesperson for Thailand’s Revenue Department.Proyrungtong expects social commerce to become even more popular with her shop’s customers. “All of them are on social media, making it absolutely essential to have social media presence,” she said. “ It has become a part of mainstream culture.”For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2021 Bloomberg L.P.

  • LVMH: Share Transactions Disclosure
    GlobeNewswire

    LVMH: Share Transactions Disclosure

    Paris, May 4th, 2021 The disclosure of share transactions carried out from April 26th to April 30th, 2021 was sent to the AMF on May 4th, 2021. As required by current law, this document is publically available and can be consulted on the Company’s website (www.lvmh.com) under the section «regulated information». Attachment Share Transactions Disclosure from April 26th to April 30th 2021