LVMUY Stock Recent News

Recent results show some weakness in certain segments, but overall performance remains solid, making LVMH an attractive investment below €650/share. LVMH has seen a decline in valuation, but offers significant safety, growth potential, and upside with an AA credit rating. Despite challenges, LVMH remains a strong investment opportunity with a market cap of over 325B EUR.

Mulberry Group (AIM:MUL) founder Roger Saul has suggested that global luxury titan LVMH “could step in” to support the ailing high-end handbag company. Speaking to This is Money, Saul made the comment in the wake of an unsuccessful attempt by minority shareholder, Mike Ashley's Frasers Group PLC (LSE:FRAS), to take over the business entirely.

Liberty Media-owned Formula One and luxury giant LVMH are entering into a 10-year partnership, according to a joint press release from Wednesday afternoon.  The partnership will officially launch at the start of next F1 season and will include "hospitality, bespoke activations, limited editions and outstanding content.

Bernard Arnault's net worth has soared by $24 billion in four days to $201 billion. The LVMH CEO is set to leapfrog Mark Zuckerberg and become the world's third-richest person.

Global luxury giant LVMH has secured a seat on the board of Italian luxury icon Moncler after striking a deal with Moncler's chief executive, chairman and largest shareholder Remo Ruffini. LVMH acquired a 10% stake in Ruffini's investment vehicle Double R, which currently owns a 15.8% stake in Milan-listed Moncler.

A sustained Chinese economic recovery is necessary for a turnaround.

Luxury stocks, including Burberry Group PLC (LSE:BRBY), Watches of Switzerland Group PLC (LSE:WOSG) and Louis Vuitton Moet Hennessy (EPA:MC) sashayed higher on Thursday on investor excitement about China potentially unleashing further economic support meaures.  Kering, the owner of Gucci, Saint Laurent, Balenciaga and Alexander McQueen, saw its shares leap over 10% in afternoon trading, with LVMH, Hermes International and Eastee Lauder both jumping over 9% in Paris.

Bernard Arnault has gone from the world's wealthiest person to being on the brink of dropping to fifth. The LVMH CEO's net worth has tanked by $54 billion from its March peak, and $30 billion so far this year.

Paris, September 17th, 2024 The disclosure of share transactions carried out from September 9th to September 13th, 2024 was sent to the AMF on September 17th, 2024. 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».

Paris, September 10th, 2024 The disclosure of share transactions carried out from September 2nd to September 6th, 2024 was sent to the AMF on September 10th, 2024. 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».