|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's Range||346.55 - 354.35|
|52 Week Range||242.30 - 354.35|
|Beta (3Y Monthly)||1.32|
|PE Ratio (TTM)||27.94|
|Earnings Date||Jan 23, 2019 - Jan 28, 2019|
|Forward Dividend & Yield||6.00 (1.83%)|
|1y Target Est||319.92|
There is no doubting the sincerity of LVMH, Kering SA and their founding families, who led the way with donations after the devastation earlier this week. The city of Paris, its streets and landmarks, have held a special role as the artistic center of the industry since its earliest days, so to restore what has been lost is to preserve its own history.
On Monday evening guests arrived at the Château de Versailles near Paris to celebrate the reopening of the Queen’s Apartments after a three-year refurbishment. Soon the guests were hunched over their smartphones watching the medieval Gothic masterpiece in the centre of Paris engulfed in flames, as its burning spire crashed through the roof. “It was a moment of distress and sorrow,” says Elisabeth Ponsolle des Portes, who heads the Comité Colbert, the French luxury association.
Paris, Thursday, April 18 th 2019 At the Annual Shareholders` Meeting of LVMH Moët Hennessy Louis Vuitton held on Thursday, April 18 th 2019, approval was given for the payment of a dividend for financial ...
Pledged donations from French billionaires, companies and ordinary citizens for the restoration of fire-ravaged Notre-Dame cathedral are approaching 900 million euros (780 million pounds) after just two days, a reflection of the landmark's resonance in the national psyche. People on social media, both in France and abroad, have expressed frustration that other disasters - from the Syrian and Iraq refugee crisis to the Grenfell Tower fire in London - have not received anything like the same degree of support. The first major donation to Notre-Dame came from Francois-Henri Pinault, the billionaire head of luxury goods group Kering that owns fashion brands Gucci and Saint Laurent.
Speculation over the stimulus swirled in the markets Wednesday, pushing up shares of domestic carmakers such as BYD Co. and automakers in Europe and the U.S. The Stoxx Europe 600 Automobiles & Parts Index rose as much as 2.1 percent, led by Volkswagen AG, Daimler AG and Faurecia SA. General Motors Co.. Apple Inc. climbed in the U.S., while Swedish home-appliance maker Electrolux AB also rose. China’s latest tactic indicates its leaders are stepping up attempts to support consumption and mitigate threats posed by trade tensions with the U.S. An ambitious tax reduction program is seeing some early signs of bearing fruit: retail sales expanded 8.7 percent in March to beat expectations, and first-quarter gross domestic product expanded more than economists estimated. The National Development and Reform Commission, which is said to have drafted the plan, didn’t immediately respond to a fax seeking comment.
April 17, 2019 LVMH Moët Hennessy Louis Vuitton SE (LVMH.PA), the world`s leading luxury group, and Belmond Ltd. (NYSE: BEL), owners, part-owners or managers of 45 luxury hotel, restaurant, train and river ...
PARIS (AP) — Two of France's richest men, long locked in a very public rivalry, are once again pitted against each other — this time over flashy and competing donations to rebuild Notre Dame.
The owners of Louis Vuitton and Gucci pledge more than €300 million to rebuild Notre Dame Cathedral, while energy company Total and other big businesses also say they will donate millions.
Kicking off a wave of donations in response to a call from President Emmanuel Macron for a fund-raising campaign, Francois-Henri Pinault, the chairman and chief executive officer of Gucci owner Kering SA, and his father, Francois Pinault, said Tuesday they would donate 100 million euros from their Artemis investment company. Cosmetics company L’Oreal SA and its principal shareholder, the Bettencourt Meyers family, will give 100 million euros, while the family’s charitable foundation will chip in another 100 million euros, the company said.
FT subscribers can click here to receive FirstFT every day by email. President Emmanuel Macron vowed to rebuild Notre-Dame cathedral after the Paris landmark was partly destroyed by a devastating fire. Donations from some of France’s richest families poured in to help reconstruct one of the world’s best known and most visited monuments. The Arnault family, owner of luxury group LVMH, pledged €200m, while the Pinaults, who control the Kering conglomerate, said they would give €100m to the restoration efforts.
Two of France's richest people have pledged 300 million euros ($338.7 million) collectively to rebuild the Notre Dame Cathedral in Paris, which was severely damaged in a fire Monday night. François-Henri Pinault, whose Artemis holding company owns a controlling stake in luxury group Kering, pledged 100 million euros, while Bernard Arnault, chair of LVMH, gave 200 million euros.
French billionaire businessman Bernard Arnault's family and his LVMH luxury goods group will donate 200 million euros ($226 million) to help repair Paris' Notre-Dame cathedral, said a statement issued on behalf of Arnault. "The Arnault family and the LVMH group would like to show their solidarity ata this time of national tragedy, and are joining up to help rebuild this extraordinary cathedral, which is a symbol of France, of its heritage and of French unity," said the statement. Arnault's pledge follows a similar 100 million euros donation for Notre-Dame from Francois Henri Pinault, who heads the Kering luxury goods company.
The Pinaults, owner of the luxury conglomerate Kering, pledged €100m from the family holding company Artemis on Monday evening before the fire was even out. “Faced with such a tragedy, everyone wishes to restore life to this jewel of our heritage,” said François-Henri Pinault, chairman and chief executive of Kering.
April 12, 2019 LVMH announces that it has received all the necessary clearances from the relevant competition authorities for the acquisition of Belmond. The transaction will be closed on April 17th, 2019. ...
Emerging from a Gucci store in Shanghai with a pair of $500 shoes, 25-year-old Xue Yueyue says worries about China’s economy will not affect her spending. Chinese consumers account for about a third of the world’s $1.2tn luxury goods sales, according to consultancy Bain, which predicts Chinese luxury sales will grow at a “mid teens” rate this year, down from 20 per cent last year. Much of that growth is driven by “new wealthy female consumers in their 20s who are purchasing for the first time”, said Erwan Rambourg, an industry analyst at HSBC, which predicts China luxury sales growth of 12 per cent, about half that of 2018.
From New York's Fifth Avenue to Paris' Place Vendome, Louis Vuitton sells its handbags at some of the world's swankiest locations - but the brand is increasingly betting on "pop-ups" in off-beat spots as one way to keep shoppers hooked. The label, which drives the bulk of sales and profits at French luxury group LVMH, plans to hold 100 temporary events to sell its wares this year, up from 80 last year, the conglomerate's financial director said on Thursday. "This is the privileged way and the main way to drive innovation," Jean-Jacques Guiony told analysts after the conglomerate posted a pick-up in first-quarter sales, beating analyst forecasts.
French central bank head Francois Villeroy de Galhau said that the euro zone was not in the situation of Japan and that the ECB was "not short of ammunition" to accelerate price growth and buoy the economy. Villeroy's comments reassured the market and helped investor sentiment as they showed "the institution is willing to give the region assistance, if needed," David Madden, market analyst at CMC Markets UK, wrote in a note. Banks, down 0.3 percent on Wednesday following ECB comments which failed to impress investors, more than recovered with a 1.3 percent gain.
LVMH shares hit a record high on Thursday and buoyed those of rivals after the Louis Vuitton owner posted strong first-quarter sales and said that demand for its handbags and high-end fashion had picked up in mainland China. The group, which owns other labels including Christian Dior and Krug champagne, is setting a high bar for rivals chasing the same clientele, though not all are benefiting equally as Chinese spending shifts from overseas shopping capitals to home. LVMH's solid momentum, however, was still sufficient to lift stocks across the sector despite fears of a souring Chinese economy.