LVMH Moët Hennessy Louis Vuitton SE, the world's leading supplier of luxury products, has had its target price increased by UBS to 648 euros. UBS has maintained a 'Neutral' rating on the company. LVMH generates its net sales primarily from fashion and leather goods, which make up 48.9% of total sales. The company owns well-known brands such as Louis Vuitton, Kenzo, and Fendi.
Other revenue streams for LVMH include watches and jewelry at 12.8%, perfumes and cosmetics at 9.6%, and wines and spirits at 7.7%. LVMH holds the top position in the champagne and cognac markets. The remaining 21% of sales come from selective distribution channels, including Sephora and La Samaritaine.
LVMH plans to have a global network of 6,097 points of sale by the end of 2023, with Asia accounting for 30.8% of sales, followed by the United States at 25.3% and Europe at 16.4%.