Global equities, US yields fall ahead of debt ceiling vote
By Chibuike Oguh NEW YORK (Reuters) -Global equities and U.S. Treasury yields were lower on Wednesday as bearish sentiment dominated markets, with investors focused on a much-anticipated...
-
-
Beverly Hills Voters Stymie LVMH Plans to Expand U.S. Hotel Business
The majority of votes counted in this week’s referendum were against plans by LVMH’s Cheval Blanc brand to build its first hotel in the U.S.
-
World’s Richest Man Down But Not Out in Beverly Hills Hotel Plan
(Bloomberg) -- Bernauld Arnault is having a bad week. Voters in Beverly Hills, synonymous with wealth and extravagance, are pushing back against the city council’s approval of the first US...
-
: As Europe luxury stocks slide, so does the wealth of the world’s richest man
Analysts are getting cold feet over the meteoric surge in luxury stocks in Europe this year,
-
World’s richest man loses $11bn after LVMH stock rout
The gap between the fortunes of Arnault and Tesla’s Elon Musk, the world’s second-richest person, has shrunk to just $11.4bn.
-
Midday movers: AutoZone, Broadcom, Lowe's and more
Investing.com -- Stocks are falling as uncertainty over a resolution to the debt ceiling weighed on sentiment. Here are the market movers for May 23. AutoZone Inc (NYSE:AZO) shares fell 6.3%...
-
Market Extra: Luxury goods stocks tumble as Deutsche Bank says they’re no longer a slam dunk. Blame the U.S.
Shares of LVMH, Hermès and Richemont are among the best-performing luxury goods stocks this year. Deutsche Bank smells trouble for the sector.
-
Luxury stocks take $30bn hit as LVMH, Hermes lead slump
The high-flying sector tumbled after Deutsche Bank AG analysts said a slowdown in the US is a growing concern.
-
Burberry shares slip as China sales boost tempered by weak Americas sales
Investing.com -- Shares in Burberry Group PLC (LON:BRBY) fell in mid-morning trading on Thursday after the luxury fashion brand reported a quarterly slowdown in sales in the Americas...
-
The Young LVMH Heir Turning TAG Heuer Into a Billion-Dollar Brand
Frédéric Arnault—CEO of the watchmaker and the third son of LVMH’s top boss—is bringing luxury goods to the masses like his father, the richest person in the world.
-
Richemont shares jump as full-year profit and sales beat estimates
Investing.com -- Shares in Richemont (JO:CFRJ) (SIX:CFR) touched a new high on Friday after the luxury group {{erl-318||posted better-than-expected sales and profit in its 2023 financial...
-
Richemont’s Rupert quashes talk of deals with LVMH or Kering
Says Richemont is not for sale.
-
LVMH Closing On Tesla for World’s Ninth-Biggest Listed Company
(Bloomberg) -- LVMH (EPA:LVMH) is closing in on Tesla (NASDAQ:TSLA) Inc. for ninth spot on the list of the world’s biggest companies by market capitalization, only days after entering the...
-
LVMH becomes first European firm to reach $500 billion market capitalization
Investing.com -- The market value of LVMH Moet Hennessy Louis Vuitton SE (EPA:LVMH) climbed to $500 billion at one point on Monday, making it the first European company to touch this...
-
LVMH’s Market Value Exceeds $500 Billion, a First in Europe
(Bloomberg) -- LVMH’s market value surpassed $500 billion, becoming the first European company to reach that milestone, thanks to booming sales of luxury goods in China and a strengthening...
-
Luxury goods giant LVMH becomes the first European company to surpass $500 billion in market value
Luxury goods giant LVMH on Monday became the first European company to surpass $500 billion in market value.
-
The World's Richest Person Auditions His Five Children to Run LVMH, the Luxury Empire
Bernard Arnault drilled his offspring in math when young, assigned them company roles and mentors as adults, then made them joint owners of a firm empowered to run the luxury...
-
The Margin: Who is Bernard Arnault, the world’s richest person with a $210 billion fortune?
5 things to know about the LVHM chair --- like how much money he has, and his 'Succession'-style family drama
-
LVMH founder Arnault widens his lead over Musk in global billionaire ranking
LVMH founder Arnault widens his lead over Musk in global billionaire ranking
-
LVMH to buy French jewellery producer Platinum Invest to ramp up Tiffany production
PARIS (Reuters) – LVMH, the world’s largest luxury goods group, has agreed to buy a majority stake in Platinum Invest Group, the owner of French jewellery producers Orest and Abysse,...
-
LVMH breaks into world top 10 as market value nears $500bn
LVMH shares closed 5.7% higher at 883.9 euros on Thursday.
-
A flurry of news outside the portfolio has implications for 3 of our stocks
Any investor who wants to stay up-to-date needs to follow the news around the other major companies in the sector in which they're invested.
-
LVMH soars after strong 1Q sales growth
By Peter Nurse Investing.com - Shares in LVMH Moët Hennessy Louis Vuitton SE (EPA:LVMH), the world’s largest luxury firm, soared in early European trade Thursday after it reported...
-
Dow Jones Newswires: LVMH reports stronger-than-forecast sales, helped by China demand
LVMH Moet Hennessy Louis Vuitton SE on Wednesday reported first-quarter sales above expectations, as a lifting of sanitary restrictions in China boosted performance there, and a rebound in...
-
LVMH Q1 sales lifted by strong Chinese rebound
PARIS (Reuters) – LVMH, the world’s largest luxury company, reported a 17% rise in first-quarter sales, more than double analysts’ expectations, as China rebounded after COVID-19...
-
Inflation data looms large, gold surges, LVMH to report - what's moving markets
By Scott Kanowsky Investing.com -- As markets count down to the much anticipated release of March inflation data, investors eye the Federal Reserve's future interest rate path, while gold...
-
European stock futures flat ahead of key U.S. inflation data
By Peter Nurse Investing.com - European stock markets are expected to open largely unchanged Wednesday amid nervous caution ahead of the monthly U.S. inflation report, which could guide...
-
: It’s National Pet Day. Here’s why I won’t be celebrating.
Americans fork over more than $100 billion annually on their pets. How much is too much?
-
Succession planning: not all family businesses feud
Here’s how they help younger generations take over.
-
The world's richest man just got richer. LVMH boss Bernard Arnault’s wealth has topped $200 billion for the first time
The French billionaire’s fortune has soared this year.
-
Moncler notes signs of recovery in China as annual result tops expectations
By Scott Kanowsky Investing.com -- Shares in Moncler SpA (BIT:MONC) surged by as much as 8.5% on Wednesday after the Italian fashion house reported better-than-expected annual income and...
-
Hermès fourth-quarter sales top estimates amid resilient Chinese demand
By Scott Kanowsky Investing.com -- Hermès International SCA (EPA:HRMS) posted better-than-anticipated sales in the fourth quarter as demand in China remained resilient despite the...
-
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...
-
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...
-
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,...
-
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...
-
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...
-
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...
-
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...
-
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...
-
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...
-
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...
-
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...
-
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...
-
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...
-
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...
-
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...
-
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%...
Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures), cryptocurrencies, and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn't bear any responsibility for any trading losses you might incur as a result of using this data. Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.
