LVMUY Stock Recent News

All eyes in the luxury market are fixed on the slowdown in China. With the notable exception of Hermès, most luxury brands are reporting declining sales there.

Beyoncé is entering the luxury liquor business with the launch of a new whiskey line, dubbed SirDavis, in collaboration with LVMH's Moët Hennessy. Louis Vuitton's wine and spirits division is looking to expand in the American whiskey market.

Beyoncé is entering the luxury liquor business with the launch of a new whiskey line, dubbed SirDavis, in collaboration with LVMH's Moët Hennessy. Louis Vuitton's wine and spirits division is looking to expand in the American whiskey market.

LVMH stock price remained stagnant for 3.5 years, but potential recovery is expected due to strong competitive advantage and historical brand dominance. China's economic slowdown impacting LVMH's growth, with Chinese consumers buying in Japan due to lower prices, leading to a geographic revenue shift. Valuation multiples suggest an evident undervaluation; the DCF model suggests the company is fairly valued.

Paris, August 13th, 2024 The disclosure of share transactions carried out from August 5th to August 9th, 2024 was sent to the AMF on August 13th, 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».

Louis Vuitton Moët Hennessy (LVMH) is investing 150 million euros ($163 million) in the Paris 2024 Olympic and Paralympic Summer Games. LVMH is leading a wave of luxury fashion entering the sports world, with partners like Naomi Osaka and Victor Wembanyama.

As part of today's installment of Good Buy or Goodbye, Thornburg Investment Management portfolio manager Emily Leveille joins Julie Hyman to highlight two of her stock trades: buy IT company Globant (GLOB), avoid luxury retail brand LVMH (MC.PA). Leveille has found Globant to be a major beneficiary of the growing AI trade in 2024, attributing its information technology (IT) business dealings with Disney's streaming platforms (DIS) as a major boost to Globant's business.

LVMH's second-largest fashion brand Dior was until last month behind on disclosures required by UK law about working conditions in its supply chain, and made outdated statements on its website of a third-party certification that it terminated more than a year ago, Reuters has found.

LVMH's sponsorship deal took a year of negotiations and ultimately landed at about $160 million of investment from the parent company of brands like Loewe, TAG Heuer and Dom Perignon. The partnership is on display throughout the 2024 Paris Olympic Games, which officially kicks off on Friday.

LVMH chairman and CEO Bernard Arnault joins 'Squawk Box' to discuss the history of the company, 2024 Paris Olympics, how the premium sponsorship came to be, and more.