LVMH Moët Hennessy Louis Vuitton SE, the world's leading luxury goods supplier, has had its target price revised by UBS to 629 euros. UBS has also maintained a 'Neutral' rating on the company.
LVMH generates the majority of its net sales from fashion and leather goods, which make up 48.9% of total sales. Some of its well-known brands in this category include Louis Vuitton, Kenzo, and Fendi. The company also earns revenue from watches and jewelry (12.8%), with brands like Bulgari and Tiffany, as well as perfumes and cosmetics (9.6%), including Christian Dior and Guerlain. Wines and spirits contribute 7.7% to LVMH's sales, with key players being Moët & Chandon and Hennessy.
The company distributes its products through a global network of 6,097 points of sale, with significant sales distribution in Asia (30.8%) and the United States (25.3%).