Luxury retail group LVMH Moët Hennessy Louis Vuitton saw its profits suffer a severe decline in the first half as the coronavirus pandemic crippled its business worldwide. In a Nutshell: While the ...
The French luxury conglomerate Kering, number two in the global luxury market, just issued a rare warning that first-quarter revenues are expected to decline 10% from last year’s $5.5 billion (€5.1 ...
We increase our fair value estimate for wide-moat LVMH to EUR 357 as we incorporate stronger than expected improvement in sales and profits in the first half of 2021 not only against easy 2020 ...