LVMHF Stock Recent News
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Hermès and LVMH beat high expectations for first-quarter sales.
LVMH Moet Hennessy Louis Vuitton SE on Wednesday reported first-quarter sales above expectations, as a lifting of sanitary restrictions in China boosted performance there, and a rebound in international travel drove duty-free sales.
Over a year ago, I started buying LVMH at cheap valuations. My objective with buying LVMH was always crystal-clear - the capital invested should grow and be "protected". Yield is secondary, but I've nonetheless been able to harvest a yield from the company as well. However, the main advantage is RoR.
Dior's main asset is a 41% stake in LVMH, which it consolidates. The SOTP indicates the fair value of Dior exceeds 900 EUR per share, based on the current LVMH share price.
Investors are piling the most cash into European stocks in nearly as year as recession outlook fades
Europe's economic prospects are brightening after winter wasn't as harsh as anticipated and with China's reopening fueling demand hopes.
Yahoo Finance anchor Julie Hyman reports the latest notable business headlines including the resignation of several top Rivian executives after a tough 2022, LVMH naming new Louis Vuitton CEO amid plans to restructure, and Credit Suisse possibly halving its bonus pool.
LVMH, a world-leading luxury holding, has a long history of creating high-quality products in different sectors of the luxury market. This has resulted in a track record of excellent financial performance during times of economic expansion and economic downturns.
LVMH sells Veblen goods, meaning it's likely less susceptible to fluctuating personal income and inflation. The company's broad-based growth remains in double figures, with brand identity leading the charge.
West wore a “White Lives Matter” shirt at his fashion show in Paris on Monday.
Source: Shutterstock With September almost over, the 2022 midterm elections are less than two months away. Historically, markets suffer in the months leading up to midterms.