LVMUY Stock Recent News

LVMH Moet Hennessy Louis Vuitton said it entered the new year with confidence after posting above-forecast sales for 2023.

Luxury group LVMH (LVMHF, fully known as LVMH Moet Hennessy Louis Vuitton SE) on January 12th reported its Q4 and full-year 2023 results, after Paris markets closed. The group reported €86.2 billion in revenue for 2023 as a whole, up nine percent, while profit from recurring operations was up eight percent.

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Timberland boots have often appeared at Louis Vuitton outings, but now the two brands have made it official. Louis Vuitton has collaborated with VF Corporation's Timberland brand in a collection of LV x Timberland boots and shoes emblazoned with the LV monogram.

If Louis Vuitton Moet Hennessy (EPA:MC) is the yardstick for global luxury spending trends, then there is cause for concern leading up to Europe's second-largest company's full-year earnings. Warning signals were already flashing for the luxury sector – an admittedly nebulous term comprising high-end clothing, jewellery, watches, spirits and other discretionary items – when China's post-Covid market recovery drastically undershot expectations.

A couple from Norfolk, Victoria and Lawrence Osborne, were victorious in a ‘David versus Goliath' trademark dispute with French luxury goods giant Louis Vuitton Moet Hennessy (EPA:MC). A tribunal ruled in favour of the Osbornes' home and gardening business, L V Bespoke, after a two-year battle with the company owned by Bernard Arnault, the former richest man in the world.

LVMH has been outperforming other investments due to its low-cost basis, but its overall performance for 2023 is not as strong as expected. The company's upside potential is double digits with an AA-credit rating, making it an attractive investment. LVMH's top-line revenues have grown by 14% YoY, with strong performance in its leather goods and fashion segment.

Shares of LVMH have been uncharacteristically sluggish over the past 12 months, as investors grapple with the impact of a potential slowdown in the global luxury market. LVMH's recent sales performance has actually been okay. The U.S. is soft, but this was to be expected after exceptional growth fueled by COVID stimulus money. The company can grow ahead of the underlying 5% CAGR of the global luxury market, aided by the pricing power of brands like Louis Vuitton.

Amazon will continue to lead the growing e-commerce and cloud markets. MercadoLibre will grow as Latin America's e-commerce market expands.

LVMH, the luxury fashion and alcohol giant owned by billionaire Bernard Arnault, named the owner's 29-year-old son Frederic Arnault as head of the company's watch division—joining his siblings in a senior leadership role at the family business.