|Bid||142.20 x 1200|
|Ask||144.00 x 2800|
|Day's Range||243.05 - 245.95|
|52 Week Range||175.80 - 260.55|
|PE Ratio (TTM)||28.17|
|Forward Dividend & Yield||4.27 (1.62%)|
|1y Target Est||N/A|
If you buy a "Swiss-made" watch thinking it's almost entirely produced in Switzerland, you might be mistaken. The key requirement is that 60 percent of the manufacturing costs occur in Switzerland, up from a previous 50 percent threshold that applied only to the movement -- the core mechanism. "Since the Swiss-made rules were tightened, we have fewer orders, not more," said Alain Marietta of dialmaker Metalem, based in Swiss watchmaking hub Le Locle.
Celine, the only LVMH-owned fashion label without its own e-commerce business, will start offering online sales from a new website next week, two sources close to the matter said. The French brand joins a growing line of luxury goods players belatedly pushing into e-commerce, shrugging off long-held concerns such an avenue would hurt their image. Artistic director Phoebe Philo's minimalist, avant-garde designs have turned Celine into one of fashion's most sought-after labels over the past 10 years.
LVMH, the world's biggest luxury goods company, said the market will do "a bit better" in 2018 than this year, the group's managing director said on Monday. "I think that in 2018 (the market) will do a bit better than in 2017," said Antonio Belloni on the sidelines of the opening of the group's first vocational training programme in Italy, in Florence. In October the group - which owns fashion brands such as Louis Vuitton and Christian Dior as well as Moet & Chandon champagne and Hennessy cognac - reported a higher-than-expected 12 percent rise in like-for-like sales for the third quarter of 2017.
At luxury house Fendi, Pietro Beccari made Kendall Jenner walk on water. His next assignment: to make Christian Dior fly again.
China has detected more than 1,560 cases of intellectual property infringement involving goods exported to the United States during two joint China-U.S. crackdowns this year, the Asian giant's customs agency said on Thursday. China's General Administration of Customs released the figure as U.S. President Donald Trump makes a state visit to Beijing, but did not say if it was related to an IP investigation by the United States. In a statement on its website, the agency said it would "actively promote increased cooperation with customs administrations of all countries and regions to jointly fight and comprehensively manage" intellectual property rights.
Sidney Toledano plans to step aside after 20 years as chief executive of Christian Dior Couture as corporate parent LVMH Moët Hennessy Louis Vuitton seeks to inject new blood into its senior ranks.
Luxury goods firm LVMH (LVMH.PA) is opening a second high-end food hall in Paris, betting on growing appetite from locals for gourmet groceries as the group spruces up its stores across the French capital. The launch of the three-story food hall, in the well-heeled 16th district of western Paris, comes amid a wave of investment in luxury stores and hotels in the French capital by LVMH and other firms hoping to profit from a recovery in tourist traffic following a wave of deadly Islamist militant attacks.
Sidney Toledano will step aside as head of LVMH’s Christian Dior, ending an almost 20-year tenure at the helm of one of the world’s top fashion houses as the luxury conglomerate rejuvenates its executive ...
Global demand for cognac is booming, and Hennessy, which controls half of all production of the brown liquor, is scrambling to keep drinkers sated.
PARIS/MILAN (Reuters) - Worldwide sales of luxury goods such as high-end handbags, shoes and jewelry are growing faster than expected this year thanks to thriving demand from Chinese customers and young shoppers, according to consultancy Bain & Co. After stalling in 2016, revenues from personal luxury goods are set to rise 6 percent at constant exchange rates in 2017 to 262 billion euros ($308 bln), Bain forecast in an annual report released on Wednesday, compiled with Italy's Altagamma.
PARIS/MILAN (Reuters) - Worldwide sales of luxury goods such as high-end handbags, shoes and jewellery are growing faster than expected this year thanks to thriving demand from Chinese customers and young shoppers, according to consultancy Bain & Co. After stalling in 2016, revenues from personal luxury goods are set to rise 6 percent at constant exchange rates in 2017 to 262 billion euros (£234 billion), Bain forecast in an annual report released on Wednesday, compiled with Italy's Altagamma.
Luxury goods maker LVMH hopes to be well on its way to remedying its cognac shortage two years from now, billionaire boss Bernard Arnault said on Wednesday, as its Hennessy label struggles to keep up with demand in the United States. Sales at Hennessy, one of LVMH's big revenue drivers, are set to grow at a much more muted pace over the coming quarters as it grapples with low stocks and production problems, including hail and frost that hurt recent harvests.
New Canaan, Conn.-based J.H. Whitney in 2011 purchased Julio & Sons Co., which operates restaurants under the Uncle Julio’s brand, WSJ Pro Private Equity previously reported.
LVMH (LVMH.PA), the world's biggest luxury goods company, on Tuesday said the months ahead might be bumpier after producing stronger than expected sales growth in the third quarter which sent its shares towards record highs. Chinese demand for LVMH's high-end clothing labels and spirits helped sales to rise more than expected in the third quarter, boosting its shares and those of its rivals. LVMH, like its rivals, is grappling with a strengthening euro that could dampen tourist spending.
Lingering worries over the Catalan crisis drags Spanish stocks down again Tuesday, dampening momentum for European stocks ahead of a closely watched address by the Catalan separatist leader.