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The luxury company will increase prices starting May 1.
LVMH CEO Bernard Arnault said on Thursday that if the United States and the European Union did not find a solution on tariffs, it would be Brussels' fault.
LVMH shareholders on Thursday voted to allow Bernard Arnault, 76, to remain at the helm of the world's largest luxury group until he's 85.
Jonathan Anderson will create the June collection for Dior Men's Fashion, LVMH CEO Bernard Arnault said on Thursday at the group's annual meeting with shareholders.
Hermès Market Value Surpasses LVMH, Which Once Tried to Buy It Hermès' market capitalization surpassed that of rival LVMH, the conglomerate which tried to buy the maker of the coveted Birkin bag in a stealth raid that shocked the French corporate world 15 years ago.
Big western fashion brands, including Lululemon Athletica Inc (NASDAQ:LULU) and French giants Louis Vuitton Moet Hennessy (EPA:MC) and Hermès International, are being targeted by Chinese manufacturers using TikTok to claim they can make much cheaper knockoffs using the same production lines. Videos on Tiktok claim to be selling $5 yoga leggins from Lululemon's own production lines, in one example.
LVMH Moët Hennessy -- Louis Vuitton (LVMUY -4.36%) (LVMHF -3.47%) was being punished on Tuesday, following Monday's release of a dispiriting quarterly revenue report. In mid-session action, investors continued to sell out of the company's stock -- its American depositary receipts (ADRs) were down by nearly 4%, at a point when the benchmark S&P 500 (^GSPC -0.14%) was only sagging by 0.2%.
LVMH, led by Bernard Arnault, lost its title as the world's most valuable luxury company to Hermes after its market capitalization slipped due to a sales miss.
Paris, April 15th, 2025 The disclosure of share transactions carried out from April 7th to April 11th, 2025, was sent to the AMF on April 15th, 2025. As required by current law, this document is publically available and can be consulted on the Company's website (www.lvmh.com) under the section «regulated information».
Diageo PLC (LSE:DGE) and Burberry Group PLC (LSE:BRBY) face headwinds ahead, analysts said as they read across from a trading update from luxury giant Louis Vuitton Moet Hennessy (EPA:MC). As well as making Johnnie Walker and Crown Royal whiskey, Smirnoff and Ciroc vodka, Diageo also has a 34% stake in LVMH's Wine & Spirits division.