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LVMH SALES DECLINE
LVMH's weak China sales raise fresh concerns over global luxury market recoveryLVMH's quarterly report indicated a 5% decline in fashion and leather goods sales due to weak demand. The company's overall organic sales g...- Ahead of Market: 10 things that will decide stock market action on TuesdayIndian benchmark indices reversed early gains on Monday, with the Sensex falling 548 points and the Nifty closing below 22,400 amid persist...
- FMCG majors in race for big bite of snacks brand FarmleyMultiple FMCG companies are expressing interest in acquiring stakes in the healthy snacking brand Farmley. A group of early investors with ...
- US luxury spending falls for third month as wealthy shoppers turn cautious ahead of midtermsUS credit card spending on luxury brands fell by 6% from a year earlier in September. This marked the third consecutive monthly decline lea...
- Armani open to more than one investor for sale of 15% stake, CEO saysArmani is open to selling a 15% stake in the company, as stipulated by founder Giorgio Armani's will. CEO Giuseppe Marsocci indicated that ...
- LVMH signed a secret 2002 pact to buy Hermes heir's shares. Now he says his fortune is missingLuxury giant LVMH signed a secret 2002 agreement to buy Hermes shares from Nicolas Puech. The company also paid his wealth manager over twe...
- Bernard Arnault falls out of top 10 richest people as US tech billionaires dominate global rankingsBernard Arnault has fallen out of the world’s top 10 richest people for the first time since 2017, with his fortune dropping $65 billion th...
- Behind Sugar Cosmetics down round: valuation to crash 80% in A91 bailoutSugar Cosmetics is raising fresh capital from existing investor A91 Partners at a valuation more than 80% below its peak. The funding comes...
- Warburg set to buy Seacod-maker Universal NutriScience for Rs 2800 croreWill be 4th acquisition for the US private equity giant in India’s healthsector in four months. Kedaara to make 5x rupee returns on exit.
- Global Market: European stocks trade flat as tech selloff offsets earnings boost from consumer, luxury firmsEuropean stock markets remained relatively stable despite a notable dip in technology shares. The positive earnings reported from the consu...
- LVMH sales rise as US luxury demand offsets Europe slowdown, Iran War impactLuxury giant LVMH saw quarterly sales increase, boosted by strong United States demand. This growth helped offset weaker spending in Europe...
- Arnault tightens his LVMH control with $1.6-B buying spreeBernard Arnault significantly increased his stake in LVMH, spending $1.6 billion on shares to move closer to owning half of the luxury cong...
- LVMH spurs $80 billion luxury rally as China picture brightensLVMH shares saw their biggest gain in over two decades. This surge followed positive signs of demand in China. The luxury sector experience...
- LVMH said to be in talks to offload fashion label Marc JacobsLVMH is reportedly in discussions to sell its fashion label, Marc Jacobs, with potential buyers including Authentic Brands Group and WHP Gl...
- European shares rise on strong results from LVMH, Remy CointreauEuropean equities opened higher on Friday, boosted by upbeat quarterly updates from luxury group LVMH and spirits maker Remy Cointreau, whi...
- LVMH has a plan to change Tiffany: New luxe watches, silver jewellery, some sparkleTiffany's products range from $150 silver pendants to exquisite diamond necklaces.
- Tiffany beats profit estimates on soaring China demandTiffany and LVMH ended a bitter legal battle last month and agreed to a new deal that would see the French firm buy out the U.S. jeweler at...
- Louis Vuitton India retail profit jumps 50% in FY17Louis Vuitton India is likely to have included business generated through retail stores in the country and sales from its signature Louis V...
- Louis Vuitton counts on lipstick as handbag sales slowWith Vuitton’s sales growth slowing from Barcelona to Beijing, catering to beauty buyers like Le Sassier is getting more important for LVMH.
- Godiva may get bids from HersheyGodiva chocolate unit may attract bids of as much as $1 billion from Hershey, Wm. Wrigley Jr. to accelerate growth with premium-priced choc...
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