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LVMH Moët Hennessy Louis Vuitton SE, the global leader in luxury goods, generates sales primarily from fashion and leather goods (48.9%), followed by watches and jewelry (12.7%), perfumes and cosmetics (9.6%), and wines and spirits (7.7%). The company operates 6,097 stores worldwide, with significant sales contributions from Asia (30.8%) and the United States (25.3%).
UBS has raised its target price for LVMH Moët Hennessy Louis Vuitton SE to 648 euros, maintaining a 'Neutral' rating. The luxury giant's net sales are primarily driven by fashion and leather goods (48.9%), followed by watches and jewelry (12.8%), perfumes and cosmetics (9.6%), and wines and spirits (7.7%). Geographically, sales are concentrated in Asia (30.8%) and the United States (25.3%), with a global distribution network of 6,097 points of sale by the end of 2023.
Bulgari is focusing on expanding in India, anticipating significant growth driven by favorable demographics, according to CEO Jean-Christophe Babin. He predicts that India could rise to be among the top five or eight luxury markets globally, as demand in China declines due to economic challenges.
France's debt market is experiencing a significant shift as major companies like LVMH, Airbus, and Air Liquide now enjoy lower borrowing costs than the government. This trend reflects growing concerns among credit traders regarding the government's fiscal plans, which could destabilize its position.
LVMH Chairman and CEO Bernard Arnault is scheduled to testify at a Paris court regarding the trial of former French spy chief Bernard Squarcini. This case highlights the extreme measures allegedly taken by the luxury conglomerate to safeguard its reputation.
Hennessy has halted its plan to ship Cognac in vats to China, a strategy aimed at circumventing tariffs. This decision follows a strike by workers at the LVMH label in France, prompting management to suspend the shipments that were set to occur shortly.
UBS has maintained a "Neutral" rating on LVMH with a price target of 629 euros. Analyst Zuzanna Pusz indicated that the US cognac business is unlikely to improve in 2025, citing insights from an industry consultant, while potential import duties pose an additional risk.
LVMH Moët Hennessy Louis Vuitton SE, the global leader in luxury goods, generates sales primarily from fashion and leather goods (48.9%), followed by watches and jewelry (12.7%), perfumes and cosmetics (9.6%), and wines and spirits (7.7%). The company operates 6,097 stores worldwide, with significant sales contributions from Asia (30.8%) and the United States (25.3%).
UBS has rated LVMH as 'Neutral' with a target price of 629 euros. As of November 25, the stock is trading at 593.90 euros, reflecting a 2.41% increase from the previous day. The annual high for LVMH shares is 886.10 euros, while the annual low stands at 566.00 euros.
The Arnault family, owners of LVMH, is set to acquire a majority stake in Paris FC, aiming for a long-term sporting turnaround rather than immediate financial gains. Partnering with Red Bull, they plan to enhance the club's infrastructure and values, aspiring to elevate it to League One while emphasizing a patient approach to success.
LVMH Moet Hennessy Louis Vuitton SE
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LVMH Reports Strong Global Sales Across Diverse Luxury Product Categories
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