LVMH Moet Hennessy Louis Vuitton news and archive

Givenchy appoints a new chief executive officer

French luxury conglomerate LVMH Moët Hennessy Louis Vuitton has announced that Alessandro Valenti has been appointed as the new chief executive officer of Givenchy, effective immediately. Valenti joins the French fashion house from Louis Vuitton, where he was most recently president of the EMEA region. The seasoned executive, who has worked at...

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LVMH names Cécile Cabanis as deputy finance director

LVMH has appointed Cécile Cabanis as deputy finance director, who will be reporting to Jean-Jacques Guiony, the group’s chief financial officer. The company said in a statement that Guiony will prepare the progressive handover of his responsibilities to Cabanis as part of the succession planning. Guiony’s new responsibilities will be announced...

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LVMH posts Q1 organic revenue growth of 3 percent

LVMH Moët Hennessy Louis Vuitton recorded revenue of 20.7 billion euros in the first quarter, down 2 percent reported, while organic revenue growth was 3 percent. LVMH said in a statement that the company had a good start to the year despite a geopolitical and economic environment that remains uncertain. While Europe and the United States...

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LVMH to sponsor Paris 2024 Olympics and Paralympic Games

French luxury conglomerate LVMH Moet Hennessy Louis Vuitton has signed on to become a premium partner of the Paris 2024 Olympic and Paralympic Games, which will include designing the prestigious medals. In a statement, LVMH said that its artisans from across the luxury group will contribute to the sponsorship deal, including Parisian jeweller...

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LVMH teaming up with Epic Games for customer experiences

French luxury conglomerate LVMH Moët Hennessy Louis Vuitton has announced a strategic partnership with Fortnite creator Epic Games to create new immersive customer experiences utilising 3D technology. In a statement, LVMH, the parent company of Louis Vuitton and Dior, said it will leverage Epic Games’ suite of tools to offer experiences,...

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Luxury group LVMH records 23 percent growth in revenue and profit

Luxury conglomerate LVMH Moët Hennessy Louis Vuitton recorded revenue of 79.2 billion euros in 2022 and profit from recurring operations of 21.1 billion euros, both up 23 percent. The company said in a statement that all business groups under its portfolio achieved significant organic revenue growth. Fashion & leather goods reported organic...

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LVMH to buy Tiffany for 131.50 dollars per share in cash

LVMH Moët Hennessy Louis Vuitton SE (LVMH) and Tiffany & Co. have concluded an agreement modifying certain terms of their initial merger agreement reflecting a purchase price of 131.50 dollars per share in cash and to reduce closing conditionality. LVMH said in a statement that both the companies have also agreed to settle their pending...

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LVMH first half profit plunges 68 percent

LVMH Moët Hennessy Louis Vuitton recorded revenue of 18.4 billion euros (21.5 billion dollars) in the first half of 2020, down 27 percent, while on an organic basis, revenue declined 28 percent compared to the same period in 2019. The company said in a statement that profit declined 68 percent to 1, 671 million euros (1,960 million dollars) and...

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LVMH H1 profits rise 41 percent

French retailer of luxury goods LVMH said on Tuesday its Group share of H1 net profit for 2018 increased by 41.2 percent to 3,004 million Euros. Revenues increased by 10.3 percent from the same period last year. For the second quarter, the company's revenues increased by 11 percent Hover over the graph to learn more. The company’s profit from...