|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's Range||297.05 - 299.10|
|52 Week Range||237.55 - 313.70|
|Beta (3Y Monthly)||1.29|
|PE Ratio (TTM)||23.64|
|Earnings Date||Jan 23, 2019 - Jan 28, 2019|
|Forward Dividend & Yield||5.40 (1.82%)|
|1y Target Est||319.92|
, the German designer who dominated high-fashion for decades and reinvigorated the iconic French couture house Chanel S.A. where he was creative director, has died. where he has been a creative director since 1965. With his trademark dark sunglasses and white hair pulled into a ponytail, Mr. Lagerfeld was perhaps the most recognizable figure in fashion.
Bernard Arnault, the head of French fashion house LVMH, confirmed on Tuesday the death of Karl Lagerfeld and said he had made Paris the world's fashion capital. "With the passing of Karl Lagerfeld we have lost a creative genius who helped to make Paris the fashion capital of the world and Fendi one of the most innovative Italian houses," Arnault said in a statement.
Haute-couture designer Karl Lagerfeld has died at the age of 85, French media reported on Tuesday. Lagerfeld was artistic director at Chanel. A spokesman for Chanel was not immediately available for comment....
February 14, 2019 At Belmond Ltd.`s special general meeting that took place today, the Belmond shareholders duly approved its previously announced Agreement and Plan of Merger with LVMH. The transaction ...
LVMH Moët Hennessy Louis Vuitton announces the availability of its 2018 audited consolidated financial statements. The French version of this document was filed with the "Autorité des Marchés Financiers" (AMF) on February 14th, 2019. The English translation of this document may be consulted in the Publications section of the Company`s website (www.lvmh.com).
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Gucci is a huge hit with millennials, but investors are proving a tough sell. An operating margin of 29%, up 4 percentage points in a year, puts Kering among the world’s most profitable luxury brand owners. , Kering’s shares maintain their decadelong discount to compatriot LVMH.
French luxury handbag label Hermes said on Friday that sales momentum in its Chinese stores stayed strong in the fourth quarter, adding to reassuring signals from rivals over enduring demand in one of the industry's biggest markets. Luxury groups rely on Chinese consumers for over a third of sales, sparking investor jitters over the potential fallout for the sector from China's slowing economic growth and the Washington-Beijing trade war.
Some luxury brands want to own rather than rent boutiques on the world’s ritziest shopping streets. Cartier’s parent Richemont has several buildings on Bond Street, London’s equivalent of Fifth Avenue, through its property arm RLG. Louis Vuitton and Prada also have their flagships there.
Alex Israel’s cotton candy–colored luggage collection will be easy to find among the sea of anonymous black bags on the airport carousel. The limited-edition suitcases, which come in two styles and sell for around $2,800 each, are a collaboration with the German company Rimowa, and they are based on the artist’s Sky Backdrop paintings, a series of skyscapes airbrushed by a Hollywood studio crew that does backdrops for film. In fact, the bags’ gradient motif is a common theme across Israel’s oeuvre, representative of his deep affinity for Los Angeles.
There seems to be a disconnect in China’s consumption story. Last year was so bruising: The stock market staged one of the world’s worst routs, Beijing’s deleveraging campaign crippled private enterprises and investment bankers are expecting lousy bonuses.
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Even if LVMH is right that Chinese demand is as strong as ever for items like its $3,150 Louis Vuitton mini-backpacks, there are still plenty of danger signs for luxury stocks this year, from slowing U.S. growth to a drop in Swiss watch exports. LVMH's reassuring fourth-quarter performance and outlook put paid to fears for now that demand in China is stalling and lifted shares at European luxury peers on Wednesday, who depend on Chinese consumers for a third of sales. Brands at the top end of the luxury scale - which like Vuitton retain a strong pricing power, and have built an exclusive image by banishing discounts and controlling stocks tightly - may continue to fare better, some investors said.
Even if LVMH is right that Chinese demand is as strong as ever for items like its $3,150 Louis Vuitton mini-backpacks, there are still plenty of danger signs for luxury stocks this year, from slowing U.S. growth to a drop in Swiss watch exports. LVMH's reassuring fourth-quarter performance and outlook put paid to fears for now that demand in China is stalling and lifted shares at European luxury peers on Wednesday, who depend on Chinese consumers for a third of sales.
Moet Hennessy Louis Vuitton (MC.FR) shares rose on Wednesday, a day after the world’s biggest luxury company posted soaring results for 2018, outshining expectations in the closely watched fashion & leather division that houses its namesake Louis Vuitton brand. The French company’s revenue hit a record 46.8 billion euros ($53.50 billion) for the year, with fourth-quarter sales jumping 9% to EUR13.7 billion compared with the same quarter in 2017, LVMH said late Tuesday. At 1020 GMT shares in LVMH traded up 6.3% at EUR276.05, on track to record their steepest rise since July 2016.
LVMH on Tuesday reported fourth-quarter sales that beat analysts’ estimates. Fashion and leather goods were spectacular: Organic growth was 17 percent, compared with forecasts of 10.5 percent. LVMH has scale and diversification.
LVMH shares surged higher on Wednesday after LVMH struck a "cautiously" confident tone for the year and said sales had picked up in China in the fourth quarter. LVMH shares were up by around 5 percent in early session trading, lifting up the shares of other rival luxury goods companies such as Kering, Hermes and Burberry. LVMH's results, published late on Tuesday, also showed that growth had picked up at its Louis Vuitton megabrand.
PARIS—China’s well-heeled shoppers in the fourth quarter splurged on Louis Vuitton, Dior and other luxury brands owned by LVMH Moët Hennessy Louis Vuitton, defying a Chinese economic slowdown and trade tensions between Washington and Beijing. LVMH, the world’s biggest luxury company, on Tuesday said revenue rose 9% in the fourth quarter, hitting EUR13.7 billion ($15.7 billion). Bernard Arnault, the French billionaire who is LVMH’s chief executive and controlling shareholder, said that the momentum continued into the new year.
LVMH struck a "cautiously" confident tone for the year ahead on Tuesday after fourth-quarter sales held up despite fears of a China slowdown, and growth picked up at its Louis Vuitton megabrand. Luxury goods companies have been hit by worries about signs of slowing demand in China, their biggest market, as consumer and business confidence sours in the country and the Sino-U.S. trade war drags on. "We are confident for 2019, which got off to a good start, but we're not in control of the global environment," billionaire LVMH boss Bernard Arnault told a news conference.
Gucci owner Kering has followed luxury market peers like LVMH in defying fears of a slump in Chinese demand. Julian Satterthwaite reports.