Tag #Lvmh

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tr.euronews.com

🌐 75% Global Worthiness

Jan 29, 16:12

LVMH Q4 2024 Results: Revenue Up, Profit Down Amidst Uneven Luxury Market Recovery

LVMH reported a 1% increase in Q4 2024 total revenue to €23.93 billion, exceeding expectations but reflecting an uneven luxury goods market recovery with strong US sales contrasting weaker Asian demand. Full-year organic sales rose 1%, while recurring operating profit decreased 14%.

LVMH Q4 2024 Results: Revenue Up, Profit Down Amidst Uneven Luxury Market Recovery

LVMH reported a 1% increase in Q4 2024 total revenue to €23.93 billion, exceeding expectations but reflecting an uneven luxury goods market recovery with strong US sales contrasting weaker Asian demand. Full-year organic sales rose 1%, while recurring operating profit decreased 14%.

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What were LVMH's Q4 2024 financial results, and what are the key factors driving their performance and overall global implications?

LVMH, the world's largest luxury goods retailer, reported a 1% increase in total revenue to €23.93 billion in Q4 2024, a 25% surge compared to the previous quarter but a yearly decrease. Full-year organic sales revenue grew by 1% to €84.68 billion, exceeding analyst expectations of a 2% decline. However, recurring operating profit fell by 14% year-on-year despite a 5% reduction in marketing expenses.

cnbc.com

🌐 85% Global Worthiness

Jan 28, 19:13

LVMH Exceeds Sales Expectations, Signaling Luxury Sector Turnaround

LVMH reported €84.68 billion in 2024 sales, exceeding analyst forecasts and showing 1% organic growth year-over-year, driven by strong performance in Europe, the U.S., and Japan, despite weakness in Asia and lagging performance in some segments.

LVMH Exceeds Sales Expectations, Signaling Luxury Sector Turnaround

LVMH reported €84.68 billion in 2024 sales, exceeding analyst forecasts and showing 1% organic growth year-over-year, driven by strong performance in Europe, the U.S., and Japan, despite weakness in Asia and lagging performance in some segments.

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What is the overall significance of LVMH's exceeding sales expectations, and what does it indicate about the broader luxury goods market?

LVMH, the world's largest luxury goods company, reported better-than-expected 2024 sales of €84.68 billion, exceeding analyst forecasts by €0.3 billion. This represents a 1% organic growth year-over-year, driven primarily by strong performance in Europe, the U.S., and Japan, despite weakness in Asia.

cincodias.elpais.com

🌐 85% Global Worthiness

Jan 21, 10:09

LVMH Overtakes Novo Nordisk as Europe's Most Valuable Company

LVMH has overtaken Novo Nordisk as Europe's most valuable company, with a market cap of €341 billion versus Novo Nordisk's €261 billion, due to strong performance in the luxury sector and concerns about Novo Nordisk's pricing in the US.

LVMH Overtakes Novo Nordisk as Europe's Most Valuable Company

LVMH has overtaken Novo Nordisk as Europe's most valuable company, with a market cap of €341 billion versus Novo Nordisk's €261 billion, due to strong performance in the luxury sector and concerns about Novo Nordisk's pricing in the US.

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What factors contributed to LVMH reclaiming its position as Europe's most valuable company, surpassing Novo Nordisk?

LVMH, the world's largest luxury group, has surpassed Novo Nordisk to become Europe's most valuable company. This shift follows a recent drop in Novo Nordisk's stock price due to concerns over potential price reductions for its weight-loss and diabetes medications in the US. LVMH's market capitalization now stands at €341 billion, exceeding Novo Nordisk's €261 billion.

kathimerini.gr

🌐 75% Global Worthiness

Dec 21, 19:08

Arnault Family's Paris FC Acquisition Challenges PSG's Dominance in Paris

The Arnault family's purchase of Paris FC, a Paris-based Ligue 2 football club, and their partnership with Red Bull aims to challenge the dominance of Paris Saint-Germain, creating a potential future derby in the French capital's football landscape.

Arnault Family's Paris FC Acquisition Challenges PSG's Dominance in Paris

The Arnault family's purchase of Paris FC, a Paris-based Ligue 2 football club, and their partnership with Red Bull aims to challenge the dominance of Paris Saint-Germain, creating a potential future derby in the French capital's football landscape.

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What is the significance of the Arnault family's acquisition of Paris FC for the landscape of Parisian and French football?

The French capital, Paris, boasts Europe's top talent production yet only one club, Paris Saint-Germain (PSG), has consistently played in Ligue 1 for decades. Recently, the Arnault family, owners of LVMH, purchased Paris FC, potentially disrupting PSG's dominance.

apnews.com

🌐 85% Global Worthiness

Dec 15, 10:07

Notre Dame Reopening: A Luxurious Restoration Sparks Debate

The reopening of Notre Dame Cathedral in Paris, following an 840 million euro restoration largely funded by LVMH and Kering, showcased the brands' extensive influence at the ceremony, sparking debate over the appropriateness of such prominent branding in a sacred space.

Notre Dame Reopening: A Luxurious Restoration Sparks Debate

The reopening of Notre Dame Cathedral in Paris, following an 840 million euro restoration largely funded by LVMH and Kering, showcased the brands' extensive influence at the ceremony, sparking debate over the appropriateness of such prominent branding in a sacred space.

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What were the immediate impacts of the prominent branding of luxury goods at the Notre Dame reopening ceremony?

The reopening of Notre Dame Cathedral in Paris, following an 840 million euro restoration, featured prominent displays of luxury brands LVMH and Kering, raising questions about the appropriateness of such branding in a sacred space. LVMH's donation of 200 million euros was the largest, and its brands, including Louis Vuitton and Dior, were heavily featured in the ceremony, attended by numerous celebrities and dignitaries.

lefigaro.fr

🌐 75% Global Worthiness

Jan 29, 13:09

France's Corporate Surtax Sparks Debate Amidst Budgetary Pressures

The French government is implementing a surtax on corporate income tax for large companies to reduce the public deficit, a move criticized by LVMH CEO Bernard Arnault as a "tax on Made in France" that could lead to business relocation. The government defends the measure as necessary, while also anno...

France's Corporate Surtax Sparks Debate Amidst Budgetary Pressures

The French government is implementing a surtax on corporate income tax for large companies to reduce the public deficit, a move criticized by LVMH CEO Bernard Arnault as a "tax on Made in France" that could lead to business relocation. The government defends the measure as necessary, while also anno...

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What are the immediate economic implications of the new corporate surtax in France, and how does it impact the competitiveness of French businesses?

France is implementing a surtax on corporate income tax for large companies, prompting criticism from LVMH CEO Bernard Arnault who views it as a "tax on Made in France" potentially driving businesses abroad. The government defends the measure as necessary to address public finances, emphasizing that everyone must contribute to deficit reduction.

elpais.com

🌐 75% Global Worthiness

Jan 22, 07:07

Melania Trump's Inauguration Outfit Signals Shift in Luxury Brand Alliances

Melania Trump wore American designers Adam Lippes and Eric Javits to President Trump's inauguration, contrasting with her prior use of European brands; the presence of LVMH executives, including Bernard Arnault, suggests a strategic shift in luxury brands' political alliances amidst Trump's protecti...

Melania Trump's Inauguration Outfit Signals Shift in Luxury Brand Alliances

Melania Trump wore American designers Adam Lippes and Eric Javits to President Trump's inauguration, contrasting with her prior use of European brands; the presence of LVMH executives, including Bernard Arnault, suggests a strategic shift in luxury brands' political alliances amidst Trump's protecti...

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What are the long-term implications of this event for the relationship between the fashion industry, US politics, and international trade?

This event highlights the increasing politicization of the fashion industry and its strategic alliances with political power. The overt support from LVMH for American designers alongside the Trump administration's protectionist policies suggests a calculated move by luxury brands to navigate the changing political landscape. Future implications may include increased collaboration between American and European luxury brands under a more protectionist trade environment.

forbes.com

🌐 85% Global Worthiness

Dec 27, 16:11

Sephora's Success Mirrors Gen Z's Beauty Spending Surge

Sephora's partnership with Kohl's generated \$1.4 billion in sales in 2023, projected to reach \$2 billion by 2025, driven by Gen Z's social media-fueled spending on beauty products, contributing to the \$550 billion global beauty market's 7.7% projected annual growth through 2030.

Sephora's Success Mirrors Gen Z's Beauty Spending Surge

Sephora's partnership with Kohl's generated \$1.4 billion in sales in 2023, projected to reach \$2 billion by 2025, driven by Gen Z's social media-fueled spending on beauty products, contributing to the \$550 billion global beauty market's 7.7% projected annual growth through 2030.

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What is the primary driver of Sephora's phenomenal success and the substantial growth within the global beauty market?

Sephora's partnership with Kohl's, launched in 2020, resulted in over 1,000 Kohl's locations featuring Sephora sections by 2023, generating \$1.4 billion in sales that year and projected to reach \$2 billion by 2025. This success is largely driven by Gen Z's increased spending on beauty products, fueled by social media trends.

smh.com.au

🌐 85% Global Worthiness

Dec 16, 01:09

LVMH's Surveillance of Journalist Revealed in Spy Trial

LVMH, led by Bernard Arnault, secretly spied on journalist François Ruffin and his team from 2013-2016 using a network of spies, including a homeless photographer, after Ruffin started filming a critical documentary about the company's labor practices; the surveillance was revealed during a trial of...

LVMH's Surveillance of Journalist Revealed in Spy Trial

LVMH, led by Bernard Arnault, secretly spied on journalist François Ruffin and his team from 2013-2016 using a network of spies, including a homeless photographer, after Ruffin started filming a critical documentary about the company's labor practices; the surveillance was revealed during a trial of...

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How did the clash between Arnault's and Ruffin's perspectives on globalization and corporate responsibility shape the events of the case?

The surveillance operation, revealed during Squarcini's trial, highlights the lengths to which powerful corporations will go to protect their image and suppress criticism. It exposes a clash between Arnault's portrayal of LVMH as a job creator and Ruffin's depiction of it as a heartless corporation that outsources jobs and closes factories.

Showing 25 to 33 of 33 results