The Latest Breaking News from LVMH

LVMH sales miss growth forecasts as China luxury demand slows

LVMH, the world's leading luxury group, said its sales edged higher in the third quarter despite a slowdown in demand in China hitting its fashion and leather goods segment.

Euronews · Oct 13

LVMH's weak China sales raise fresh concerns over global luxury market recovery

LVMH's quarterly report indicated a 5% decline in fashion and leather goods sales due to weak demand. The company's overall organic sales growth was only 1%, falling short of expectations. Analysts have reduced target prices for LVMH shares by an average of 9% due to these results. This downturn in…

The Economic Times · Oct 13

Global Market: European shares rise as easing oil prices lift sentiment; earnings in focus

European shares rose as banking stocks gained on easing oil prices and hopes of an energy ceasefire between Russia and Ukraine. Investors turned to corporate earnings from LVMH, ASML and EQT for fresh cues amid geopolitical uncertainty and elevated borrowing costs.

The Economic Times · Oct 12

Milei Returns From Paris With a Big Number: Three Projects Carry Almost All the Weight

Three energy and mining projects drive nearly all of Argentina Week's US$27 billion. What is known about the Macron meeting and why investment is falling.

Latin Times · Oct 5

Armani Could Split 15% Stake Among Multiple Investors as Fashion House Enters a New Post-Founder Era

Armani could divide a planned 15% stake among multiple investors as LVMH, L'Oréal and EssilorLuxottica emerge as preferred potential partners.

Fashion Times · Sep 29

Giorgio Armani's Heirs Must Sell 15% of His Empire Within 18 Months or Take the Company Public

Giorgio Armani's will calls for a 15% stake in his fashion group to be sold by March 2027, with LVMH, L'Oréal and EssilorLuxottica among potential buyers.

International Business Times UK · Sep 29

Armani open to more than one investor for sale of 15% stake, CEO says

Armani is open to selling a 15% stake in the company, as stipulated by founder Giorgio Armani's will. CEO Giuseppe Marsocci indicated that they may consider multiple investors for this sale. There have been reports of meetings being planned with potential buyers, including LVMH and L'Oreal. The timeline set by…

The Economic Times · Sep 27

Trump-Xi dinner: Elon Musk, Jeff Bezos, Sam Altman, Huang, Nadella among star-studded guest list

Billionaires and leaders from the technology sector gathered at the White House for a state dinner. This event hosted Chinese President Xi Jinping and his wife, Peng Liyuan, with various US officials. The discussions included trade, artificial intelligence, and strategic issues between the two nations. Trump highlighted his friendship with…

The Economic Times · Sep 25

Rihanna launched Fenty Beauty in 2017 with an estimated 50% stake; 4 years later, Forbes valued the cosmetics company at $2.8 billion

Rihanna’s Fenty Beauty journey therefore represents more than a remarkable celebrity wealth milestone. It is a case study in how ownership, strategic partnerships, product differentiation and cultural relevance can combine to build a major consumer business. Launched in 2017 with Rihanna holding half of the joint venture, Fenty Beauty reached…

The Economic Times · Sep 19

Nike bets on a millennial Arnault heir after bleeding $200 billion and being ousted from the S&P100

Alexandre Arnault joins the board after helping revive heritage brands Rimowa and Tiffany as Nike fights to restore growth and cultural relevance

Fortune · Sep 17