Company Index
LVMH
LVMH
NEWS
Organic revenue at the company’s fashion and leather goods unit rose 1% in the last quarter, about half the gain expected by analysts
Jul.24 2024 16:15 PM
The automaker is banking that the cachet of its luxury models and potential tie-ups with the luxury goods giant will help it avoid the same stock market fate as its rivals
Feb.26 2024 16:56 PM
- Sanlitun Taikoo Li in Beijing, a landmark commercial property known for setting fashion trends, is undergoing its most significant shift in 15 years towards a more luxurious branding. High-end luxury brands like Louis Vuitton, Dior, and Hermès are establishing flagship stores there, signaling a "luxurification" transformation of the area.
- The trend reflects a broader shift in consumer preferences, with "accessible luxury" brands experiencing declining interest as consumers either downgrade their spending or seek out more niche brands. This change is evident in the reduced presence of light luxury brands like Michael Kors and Acne Studios at Taikoo Li and other prime retail locations.
- Despite the challenges faced by accessible luxury brands, top-tier luxury groups like LVMH have seen robust growth. However, the overall luxury market has shown signs of peaking in Q3 2023, especially due to fluctuations in Chinese demand. Luxury brands continue to invest heavily to capture high-end clientele amidst these market dynamics.
Dec.2 2023 12:15 PM
Analysts lower price target for LVMH as proxy for the sector citing exposure to lackluster China market
Sep.15 2023 03:05 AM
Bernard Arnault woos Chinese consumers as the government pushes to build ties with foreign companies as part of efforts to spur economic growth
Jun.29 2023 03:03 AM
Beijing has been rolling out the red carpet for global business leaders to counter Western nations urging less reliance on the world’s second-largest economy
Jun.2 2023 18:40 PM
Organic sales from the group’s clothing and leather business rose 18% in the first quarter, with the division posting double-digit percentage growth in China
Apr.13 2023 14:20 PM
LVMH’s cautious sale outlook is potential early warning for the rest of the luxury goods industry
Apr.13 2022 18:20 PM
After recovering from a steep downturn in 2020, luxury is benefiting in particular from the appetite among millennial and Gen Z Asian shoppers
Apr.15 2021 15:33 PM
Bored after months of strict social distancing measures and unable to vacation overseas, wealthy Chinese consumers are seeking comfort in retail therapy
Sep.2 2020 12:57 PM
LVMH, Kering saw steep declines globally, but a strong second quarter rebound in China
Jul.29 2020 19:59 PM
Sichuan Trust fails to secure new funding from shareholders; Hong Kong expands foreign access to mainland stocks; Dalian outbreak spreads to 4 more regions
Jul.28 2020 20:11 PM
Troubled Shandong Ruyi has lost the backing of LGFV last week and is on the hook to repay 2.9 billion yuan in domestic bonds by the end of this year
Jun.19 2020 14:47 PM
LVMH Moet Hennessy, Hermes report their China stores have returned to growth after reopening from months-long shutdowns during Covid-19 outbreak
Apr.27 2020 20:12 PM
While Apple and Volkswagen warn of softness in China, other companies are sounding more bullish, including fashion brands appealing to affluent consumers
Feb.7 2019 11:32 AM
Shares tumble in Japan, Europe amid talk of authorities looking for travelers returning with suitcases of high-end goods
Oct.5 2018 15:39 PM
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