|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's Range||248.00 - 252.80|
|52 Week Range||232.50 - 313.70|
|Beta (3Y Monthly)||1.30|
|PE Ratio (TTM)||21.08|
|Earnings Date||Jan 23, 2019 - Jan 28, 2019|
|Forward Dividend & Yield||5.40 (2.16%)|
|1y Target Est||321.46|
It looks like the recent turmoil on Wall Street isn't affecting the wealthy and their desire to own expensive jewelry. Yahoo Finance’s Alexis Christoforous and Brian Sozzi discuss.
Everyone’s worried about a recession, and while it is too early to jump to that conclusion, this morning offered data out of China and Europe that confirmed what we already know—the pace of global economic growth is slowing. What’s most surprising is that Dow Jones Industrial Average futures are down just 216 points, or 0.9%, this morning. (BHC) (BHC), the company formerly known as Valeant Pharmaceuticals International, has gained 2.7% to $24.30 after getting upgraded to Buy from Neutral at H.C. Wainwright.
fashion brands, sees the future of luxury in hotels as much as handbags. , is paying $3.2 billion including debt for Belmond, a New-York listed company that owns Hotel Cipriani in Venice and the '21' Club in New York, and sells $3,000 overnight tickets on the Orient Express. Travel and luxury “experiences” are a priority for LVMH—seemingly a higher one than high-end fashion.
Belmond is the owner, part-owner or manager of 46 luxury hotels, restaurant, trains and river cruise properties.
Luxury goods maker LVMH has agreed to buy Belmond , the owner of hotels including Venice's landmark Cipriani, for $3.2 billion including debt to increase its presence in upmarket hospitality. LVMH, the ...
Luxury goods maker LVMH has agreed to buy Belmond, the owner of hotels including Venice's landmark Cipriani, for $3.2 billion including debt to increase its presence in upmarket hospitality. LVMH, the firm behind fashion labels Louis Vuitton and Christian Dior, already has hotels including the Cheval Blanc in the prestigious Courchevel ski resort in the French Alps, as well as Bvgalri hotels. The Belmond deal will give it properties including the only hotel within the Machu Picchu citadel in southern Peru, Hotel Splendido in Portofino on the Italian riviera and the Copacabana Palace in Rio de Janeiro, moving LVMH further into the fast-growing "experiential" high-end travel and hospitality sector.
LVMH agreed to pay $25 a share in cash for Belmond, a transaction that values the company’s equity at around $2.6 billion. Belmond’s enterprise value, including debt, is about $3.2 billion. The Paris-based luxury-goods company, which owns fashion brands like Fendi and Louis Vuitton and champagne maker Dom Pérignon, is a surprise winner in a highly competitive sale process.
European shares were sharply lower for a second day on Friday as weak Chinese data renewed worries about the health of the world's second-largest economy and potential damage from Washington's protracted trade spat with Beijing. The euro zone STOXXE index was down 1.1 percent at 1026 GMT with all bourses across the continent in the red.
LVMH, the world's largest luxury goods group, already owns the Bulgari and Cheval Blanc hotel chains, but adding Belmond significantly increases its exposure to hospitality and gives it a portfolio of trophy assets.
The London-based owner of the Hotel Cipriani in Venice and the Orient Express train service is being acquired by LVMH for $3.2bn including debt, making a return to dealmaking by the world’s largest luxury group by revenues. The acquisition of Belmond boosts the hotel portfolio of LVMH, which already has Cheval Blanc hotels in Courchevel, the Maldives, Saint-Barthélemy and Paris as well as owning Bulgari Hotel and Resorts. Belmond operates in 24 countries and its hotels include the Copacabana Palace in Rio de Janeiro and Hotel Splendido in Portofino.
December 14, 2018 LVMH Moët Hennessy Louis Vuitton (LVMH.PA), the world`s leading luxury group and Belmond Ltd. (NYSE: BEL), owners, part-owners or managers of 46 luxury hotel, restaurant, train and river ...
(Reuters) - French luxury group LVMH Moet Hennessy Louis Vuitton SE (LVMH.PA) is near a deal to buy UK-based high-end hotels operator Belmond Ltd (BEL.N) for about $25 per share in cash, the Wall Street ...
French luxury group LVMH Moet Hennessy Louis Vuitton SE is near a deal to buy UK-based high-end hotels operator Belmond Ltd for about $25 per share in cash, the Wall Street Journal reported on Thursday. ...
Since LVMH Moët Hennessy Louis Vuitton S.E. (EPA:MC) released its earnings in June 2018, it seems that analyst forecasts are fairly optimistic, as a 12% increase in profits is expected Read More...
RH, which reported earnings that beat expectations, says it takes inspiration from three notable names: LVMH, Apple and Berkshire Hathaway.
What do LVMH, Apple and Berkshire Hathaway have in common? , the luxury group behind Louis Vuitton and Moet & Chandon, he said RH is building a luxury platform in similar fashion and that he believes will “continue to benefit from a growing market as a result of the compounding wealth effect”.
(Correcting Xi Jinping's title to president, not premier in 3rd para) LONDON, Dec 3 (Reuters) - Miners, autos, tech, and oil stocks all surged on Monday, driving Europe's main benchmarks up strongly after ...
The fog of war usually rolls away during a ceasefire. Shares in sectors such as autos and luxury goods jumped together in relief that tariffs will not rise on January 1. If true, it would be a fillip for Europe’s manufacturers, which have been badly caught in the crossfire of the west-east trade war.
Paris, November 30, 2018 An interim dividend payment of €2 per share will be paid on Thursday, December 6, 2018. The ex-dividend date is Tuesday, December 4, 2018 in the morning. The last trading day ...
The private equity firm, which is backed by luxury giant LVMH Moet Hennessy Louis Vuitton SE, is making a “significant” investment in Will’s, according to an emailed statement Friday. Bloomberg News reported in September that a consortium including L Catterton Asia was nearing a deal to spend about $400 million for a controlling stake in Will’s. Buyout firms have been betting that rising incomes in greater China will translate into higher spending on health and sports.
Prada's designs on the America's Cup, which began on the drawing board almost 22 years ago in an office near Milan's Il Duomo, took another step forward on Thursday. "Let's do the America's Cup," was the challenge a yacht designer threw out at Patrizio Bertelli as they discussed building a new yacht for Prada's chief executive. Bertelli unveiled the new cup at the Yacht Club de Monaco, where the challengers also announced that Sardinia will be the first venue for the America’s Cup World Series, which will mark the first time the teams hoping to take on holders Emirates Team New Zealand get to race their futuristic foiling monohulls.
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Important news for shareholders and potential investors in LVMH Moët Hennessy Louis Vuitton SE (EPA:MC): The dividend payment of €2.00 per share will be distributed to shareholders on 06 December Read More...