Intel tumbles in premarket; Hasbro, Chevron also down
By Geoffrey Smith Investing.com -- Stocks in focus in premarket trade on Friday, 27th January. Please refresh for updates. Intel (NASDAQ:INTC) stock slumped 9.8% after the chipmaker...
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Louis Vuitton News & Analysis
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European stocks edge higher ahead of fresh U.S. inflation data
By Scott Kanowsky Investing.com -- European equities rallied on Friday, as investors looked ahead to fresh U.S. inflation numbers following the release of stronger-than-anticipated growth...
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Louis Vuitton's Owner Is Still Reading China's Tea Leaves
The French luxury company reported record sales in 2022 thanks to American spending, but it’s too early to say if China will follow.
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European shares muted ahead of cenbank meetings; LVMH, H&M slide
(Reuters) – European shares were muted on Friday as investors refrained from placing aggressive bets ahead of a slew of central bank meetings next week, while luxury goods makers slid...
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LVMH shares fall as margins disappointment takes shine off Q4 figures
PARIS (Reuters) – LVMH shares, which had hit a record high earlier this month, fell on Friday as some analysts expressed an element of disappointment over the company’s margins, which...
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Dow Jones Newswires: LVMH posts forecast-beating sales of $24.78 billion, sees further growth ahead
The mainstay fashion business, home to brands Louis Vuitton and Dior, again outperformed the wider group in the fourth quarter, booking 10% sales growth.
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LVMH confident about 2023 after notching 23% gain for 2022
By Liz Moyer Investing.com -- LVMH Moet Hennessy Louis Vuitton SE (EPA:LVMH) reported a 23% gain in revenue and profit from recurring operations for last year as the maker of luxury fashion,...
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Luxury giant LVMH sales rise 9% in fourth quarter
PARIS (Reuters) -Luxury goods group LVMH posted a 9% rise in sales in the fourth quarter as shoppers in Europe and the United States splurged over the crucial holiday season, helping to...
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LVMH Looks to Renewed China Luxury Spending for Earnings Bump
Bernard Arnault’s conglomerate has ridden a wave of demand that China’s reopening could help extend into this year as other economies’ prospects turn more uncertain.
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Luxury giant LVMH tops 400 billion euro in market value
MILAN (Reuters) – Shares in LVMH rose to a fresh record high on Tuesday, pushing the luxury good group’s market cap above 400 billion euros for the first time ever.
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Why LVMH's Bernard Arnault making his daughter Dior CEO could have drawbacks
Hiring your kids comes with massive pros and cons experts have warned — and even then they may need to work twice as hard to prove themselves to staff.
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LVMH’s ‘wolf in cashmere’ installs daughter as Dior head amid raging succession battle
Eldest child Delphine Arnault, 47, is frontrunner to inherit the job running LVMH, the highly-profitable luxury goods empire spanning 75 fashion houses.
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Russia advances, LVMH shakeup, crypto spat - what's moving markets
By Geoffrey Smith Investing.com -- Russia claims its first battlefield victory in Ukraine in months, as the West plots new sanctions against it. Apple is accelerating efforts to bring more...
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European stocks edge higher; retail sector in focus as earnings season starts
By Peter Nurse Investing.com - European stock markets edged higher Wednesday, as investors digested a heavy flow of quarterly corporate results, with the retail sector in particular...
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Pietro Beccari to helm Louis Vuitton in broad LVMH leadership shake-up
By Scott Kanowsky Investing.com -- Fashion giant LVMH Moët Hennessy Louis Vuitton SE (EPA:LVMH) has announced that Pietro Beccari will become the new chairman and chief executive officer of...
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Arnault tightens family grip on LVMH as daughter becomes Dior CEO
By Mimosa Spencer PARIS (Reuters) – Luxury goods giant LVMH announced on Wednesday a top management reshuffle, putting Delphine Arnault, the daughter of chairman and CEO Bernard Arnault,...
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LVMH could pick Pietro Beccari as new Louis Vuitton CEO – paper
ROME/PARIS (Reuters) – The world’s largest luxury group LVMH could pick Pietro Beccari as new CEO of Louis Vuitton, the flagship brand of the French group, according to a media report on...
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Tesla share plunge puts market cap behind LVMH, Nvidia, Eli Lilly
Tesla shares fell 12.2% on Tuesday after missing expectations on fourth-quarter deliveries.
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European stock markets open higher to start holiday week trading
By Daniel Shvartsman Investing.com - European markets opened higher to kick off trading in the shortened last week of the year. At 03:10 ET (08:10 GMT), the DAX was up 0.8%, the CAC 40 was...
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LVMH to build new workshop making Louis Vuitton bags in Italy
ROME (Reuters) – LVMH, the world’s largest luxury goods group, plans a new factory in Italy producing Louis Vuitton bags and other leather accessories, the Tuscany region said on...
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Elon Musk is no longer the richest person in the world
Bernard Arnault is now the richest man in the world, dethroning Tesla CEO Elon Musk after a continued decline in Tesla share price, according to Forbes.
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Dogecoin Buff Elon Musk Gives Way To LVMH’s Arnault As World’s Wealthiest Person
On Wednesday, Elon Musk lost his position as the world’s richest man to Bernard Arnault, the chief executive officer of Louis Vuitton’s parent company, LVMH. Musk’s loss was quick and by a...
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Meet the ultrawealthy children of the world's richest man Bernard Arnault, vying to take over his LVMH empire in a real-life 'Succession' plot
LVMH chief Bernard Arnault briefly unseated Elon Musk as the world's richest man at $184.7 billion. Meet his kids, who run Tag HEUER, design Louis Vuitton watches, and more.
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Elon Musk loses title of world’s richest man to LVMH’s Arnault – Forbes
Twitter owner and Tesla Inc boss Elon Musk lost his title as the world’s richest person on Wednesday, according to Forbes, following his expensive bets to buy the social media firm and...
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Prada names CEO from LVMH and Luxottica
Prada S.p.A. on Tuesday said it's recommending former LVMH Moet Hennessy Louis Vuitton SE executive Andrea Guerra as its next chief executive officer for approval at the luxury brand's...
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Campari, LVMH’s Moët Hennessy buy 100% of Tannico
(Reuters) – LVMH’s Moët Hennessy and Italy’s Campari have taken full ownership of online wines and spirits company Tannico via their joint venture and plan to expand it further, the two...
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Luxury stocks weaken on concern of hit to China sales
By Geoffrey Smith Investing.com -- Europe's big luxury stocks weakened on Monday on concerns that the wave of political protests in China could hit sales in one of their most important...
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Luxury stocks rise as China marginally eases some COVID-19 restrictions
By Scott Kanowsky Investing.com -- Shares in European luxury firms moved higher after China said that it will slightly relax some of its COVID-19 rules for overseas travelers and close...
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European stocks higher; buoyant tone despite U.K. GDP fall
By Peter Nurse Investing.com - European stock markets traded higher Friday, continuing the positive tone generated by the softer-than-expected U.S. inflation, even as growth data pointed to...
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Europe Stocks Head Lower Early as BoE, Russian Attacks Keep Mood Grim
By Geoffrey Smith Investing.com -- European stock markets opened lower on Tuesday for a fifth straight session after the Bank of England warned of a "material risk to U.K. financial...
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European Retailers to Miss Earnings Estimates in 2023, 2024 - Berenberg
By Scott Kanowsky Investing.com -- European retail companies are expected to post earnings well below estimates over the next two years, according to analysis from Berenberg. In a note, the...
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Porsche IPO Interest Suggests Valuation up to $85bn - Bloomberg
By Sam Boughedda Porsche has gained investor interest in its initial public offering at a valuation of up to $85 billion, Bloomberg reported Friday. According to Bloomberg sources, the news...
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Louis Vuitton Earnings, Revenue beat In Q2
Investing.com - Louis Vuitton reported on Tuesday second quarter {{erl-399||earnings that beat analysts' forecasts and revenue that topped expectations. Louis Vuitton announced earnings...
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Luxury Misses Out on Market Bounce After Richemont Warns of China Woes
By Geoffrey Smith Investing.com -- Luxury stocks across Europe underperformed on Friday after Swiss-based Richemont (SIX:CFR) warned of a big hit to sales from the closure of Chinese...
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Shares of Luxury Goods Makers Slip on Russia Export Ban
By Dhirendra Tripathi Investing.com – Stocks of European retailers such as LVMH (PA:LVMH), Kering (PA:PRTP), H&M (ST:HMb), Moncler (MI:MONC) and Hermès (PA:HRMS) were all down around 4%...
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