Tag: LVMH
French luxury giant LVMH faces slowdown in China
The Chinese economy has been slowing down in recent months, and the government has just launched measures to stimulate economic activity. It is in this context that the world’s number…
LVMH sees its profits fall in the first half
The world’s number one luxury goods company, LVMH, has seen its net profit plunge by 14% in the first half of the year. The French group, which notably owns the…
LVMH collapse drags down European luxury
(Telestock) – LVMHFrench luxury giant, is sharply down on the Paris Stock Exchangeafter he recorded a Second quarter sales growth falls short of estimates analysts. Yesterday evening it reported that…
LVMH strengthens its Watch Division with the acquisition of L’Epée 1839
(Finance) – LVMH announces the acquisition of Swiza, owner of L’Epée 1839, a prestigious Swiss manufacturer of high-end watches and authentic “art objects” characterized by exceptional mechanisms and complexity. The…
LVMH prepares CFO succession with Cecile Cabanis joining
(Finance) – The French luxury giant LVMH announced the appointment of Cécile Cabanis as deputy CFO. He will report to CFO Jean-Jacques Guiony to begin a transition period with him…
LVMH, first quarter revenues at 20.7 billion
(Finance) – Turnover slips LVMH in the first quarter of the year. Turnover fell by 2% to 20.69 billion euros compared to 21.03 billion achieved in the same period a…
LVMH: Belloni steps down as CEO and will become President of Italy
(Finance) – Toni Belloni – in total agreement with Bernard Arnault – ceases his duties as general director and president of the group’s executive committee LVMH and leaves the Board…
LVMH in exclusive negotiations to buy Paris Match magazine – L’Express
The French luxury giant LVMH, led by billionaire Bernard Arnault, has entered into exclusive negotiations with the Lagardère group, in the fold of billionaire Vincent Bolloré, to buy the magazine…
TotalEnergies, Stellantis, LVMH… The very good health of CAC 40 companies – L’Express
CAC 40 companies are in good health. After the publication this Thursday, February 15 of the annual financial results of Stellantis, Orange, Airbus and Schneider Electric, the cumulative net profits…
LVMH closes record year: revenues +13%
(Finance) – LVMH closes a record year, with revenues equal to 86.2 billion euros (+13%) and an operating profit of 22.8 billion (+8%). Net profit grew by 8% to 15.2…