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LVMH

French multinational luxury goods conglomerate

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LVMH: French multinational luxury goods conglomerate
LVMH Moët Hennessy – Louis Vuitton SE, also known as LVMH, is a French multinational luxury goods conglomerate headquartered in Paris (France). The company was formed in 1987 under the merger of fashion house Louis Vuitton with Moët Hennessy, a company formed after the 1971 merger between the champagne producer Moët & Chandon and Hennessy, the cognac manufacturer. It controls around 60 subsidiaries that each manage a small number of prestigious brands. The subsidiaries are often managed independently. The oldest of the LVMH brands is wine producer Château d'Yquem, which dates its origins back to 1593.

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Tiffany profit falls short on weak demand in Americas, Hong Kong

Luxury jeweler Tiffany & Co , which is being bought by Louis Vuitton owner LVMH , missed market expectations for quarterly profit and sales on Thursday, hit by lower spending by foreign tourists in the..
Reuters - Published

Tiffany misses quarterly same-store sales estimates

tiffany misses quarterly same-store sales estimates
Tiffany & Co, which is being bought by Louis Vuitton owner LVMH, fell short of Wall Street estimates for quarterly sales on Thursday as the luxury jeweler was hurt by weak demand from foreign tourists..
WorldNews - Published Also reported by •Reuters

Videos for LVMH


Dior's Grecian goddesses kick off Paris fashion extravaganza [Video]Dior's Grecian goddesses kick off Paris fashion extravaganza

Glittering fringed looks to muted tones, shades of turquoise and plum, and toga-style dresses with braided belts or collars on show, as A-listers Sigourney Weaver, Uma Thurman and Kirstin Scott Thomas..

Credit: Reuters Studio     Duration: 02:50Published

Louis Vuitton's diamond as big as a tennis ball steals the show in Paris [Video]Louis Vuitton's diamond as big as a tennis ball steals the show in Paris

The LVMH-owned brand, which said last week that it was the new owner of the 1,758-carat Sewelo, displayed the glinting, blackened stone at its Place Vendome store in Paris.

Credit: Reuters Studio     Duration: 00:44Published

China virus fear slams European shares [Video]China virus fear slams European shares

European shares were on pace for their sharpest decline in three weeks on Tuesday, as mounting concerns over a new coronavirus outbreak originating in China sparked a rush to safe-haven bets. David..

Credit: Reuters Studio     Duration: 01:41Published

Louis Vuitton Purchased World's Second Largest Diamond [Video]Louis Vuitton Purchased World's Second Largest Diamond

Louis Vuitton has just bought the world's second-largest diamond. The purchase signals yet another clue to the French brand's ambitions in the luxury jewelry market. According to CNN, the 1,758-carat..

Credit: Wochit News     Duration: 00:34Published

Tiffany's holiday sales rise on higher China spending [Video]Tiffany's holiday sales rise on higher China spending

Tiffany's holiday sales grew about 1% to 3% on strong spending by Chinese shoppers. Fred Katayama reports.

Credit: Reuters Studio     Duration: 00:37Published

Gucci owner Kering may bid for Moncler: report [Video]Gucci owner Kering may bid for Moncler: report

Shares in Moncler jumped Thursday on reports that Gucci owner Kering may bid for the luxury winterwear maker. Julian Satterthwaite reports.

Credit: Reuters Studio     Duration: 01:07Published

 

Bernard Arnault could surpass Jeff Bezos and Bill Gates to become the world's richest person

bernard arnault could surpass jeff bezos and bill gates to become the world's richest person
New York (CNN Business)Jeff Bezos and Bill Gates can clearly afford a lot of leather wallets from Louis Vuitton and little blue boxes from Tiffany. But the world's two richest people could soon find..
WorldNews - Published

LVMH planning to buy Tiffany for $16.2 billion

French luxury group LVMH has agreed to buy iconic New York jeweler Tiffany and Co. for $16.2 billion, adding a famed star to its portfolio that already boasts Louis Vuitton, Christian Dior and Bulgari...
CBS News - Published Also reported by •Reuters

How LVMH's whirlwind courtship sealed $16 billion Tiffany deal

Tiffany was codenamed "Tea" and LVMH was "Latte" in the whirlwind talks that led to the U.S. jeweler being taken over by the French luxury group for more than $16 billion, in a homage to famed film..
Reuters - Published Also reported by •WorldNews

Factbox: M&As in vogue for luxury retailers seeking growth

Louis Vuitton owner LVMH snapped up U.S. jeweler Tiffany & Co on Monday for $16.2 billion in its largest buyout ever, adding America's biggest luxury name to its stable of brands.
Reuters - Published

LVMH to breakfast with Tiffany & Co. in $16.2 billion buyout

French luxury conglomerate LVMH has bought US jeweller Tiffany & Co. for $16.2 billion, giving it a better foothold in the US market and expanding its range of jewellery brands. We take a closer look...
France 24 - Published

French luxury group LVMH buying Tiffany for $16.2 billion

Famed jeweler says purchase by owner of Louis Vuitton and Christian Dior will help its push to appeal to younger, more tech-savvy customers with new takes on jewelry
CBS News - Published Also reported by •France 24WorldNews

LVMH swoop on Tiffany will boost operating profits: Chairman

Acquiring Tiffany will lift LVMH's operating profits by 500 million to 600 million euros ($661.32 million) in the first 12 months, the luxury goods group's Chairman and Chief Executive Bernard Arnault..
Reuters - Published

LVMH aims to restore Tiffany's sparkle with $16.2 billion takeover

Louis Vuitton owner LVMH has agreed to buy Tiffany for $16.2 billion in its biggest acquisition yet as the French luxury goods maker bets it can restore the iconic U.S. jeweler's luster.
Reuters - Published

Louis Vuitton buys jeweller Tiffany for $16bn

LVMH, the world's biggest luxury goods company, buys Tiffany for more than $16bn.
BBC News - Published

LVMH agrees $16.2 billion deal for jeweler Tiffany

LVMH has agreed a $16.2 billion deal to buy U.S. jeweler Tiffany, Louis Vuitton's parent firm confirmed on Monday, in the luxury good maker's biggest purchase to date.
Reuters - Published

LVMH reaches agreement to buy Tiffany for $135 per share

French luxury goods group LVMH said on Monday it has reached a definitive agreement to buy U.S. jewelry chain Tiffany & Co for $135 per share in an all-cash offer, in a $16.2 billion deal.
Reuters - Published

France's LVMH close to buying Tiffany after sweetening offer: sources

france's lvmh close to buying tiffany after sweetening offer: sources
LVMH is close to buying U.S. jewelry chain Tiffany & Co for about $16.3 billion after sweetening its offer, sources said on Sunday, as the owner of Louis Vuitton and Bulgari aims to tap the..
WorldNews - Published Also reported by •Reuters

France's LVMH nears deal to buy U.S. jewelry chain Tiffany for about $16.3 billion: sources

French luxury group LVMH is nearing a deal to buy U.S. jewelry chain Tiffany & Co for about $16.3 billion, sources familiar with the matter told Reuters on Sunday.
Reuters - Published

Exclusive: LVMH gets access to Tiffany's books after it raises offer - sources

exclusive: lvmh gets access to tiffany's books after it raises offer - sources
French luxury group LVMH has persuaded U.S. jewelry chain Tiffany & Co to provide it with confidential due diligence after it raised its bid to close to $16 billion, people familiar with the matter..
WorldNews - Published

LVMH targets tourist shoppers with revamp of historic Paris store

lvmh targets tourist shoppers with revamp of historic paris store
PARIS (Reuters) - Luxury goods group LVMH aims to grab a greater slice of tourist spending in Paris as of next April when it relaunches La Samaritaine, a 150-year-old department store that will house a..
WorldNews - Published

Tiffany rises on report it called for sweetened bid from LVMH

tiffany rises on report it called for sweetened bid from lvmh
New York: Luxury jeweller Tiffany & Co. jumped, reversing earlier declines, after a report from Reuters saying it asked LVMH to improve its $14.5 billion offer....
WorldNews - Published

France’s LVMH seeks to buy jeweler Tiffany for $14.5B

france’s lvmh seeks to buy jeweler tiffany for $14.5b
PARIS — French luxury group LVMH is making a play for the iconic blue box. The conglomerate said Monday it has offered to buy Tiffany & Co. for $14.5 billion in cash, sending shares in the New York..
WorldNews - Published

LVMH woos Tiffany to tap fast-growing jewellery market

LVMH has offered to buy Tiffany & Co, known for its engagement rings and ties to Hollywood glamour, as the owner of Louis Vuitton and Bulgari seeks to expand in jewellery, one of the fastest-growing..
Reuters - Published

Factbox: LVMH's jewelry and watches business

LVMH has offered to buy Tiffany & Co, the U.S. jewelry retailer known for its engagement rings and ties to Hollywood glamor.
Reuters - Published

LVMH confirms interest in acquiring luxury jeweler Tiffany

LVMH, the world's biggest luxury group, said on Monday it had approached Tiffany & Co about a possible takeover of the U.S. jeweler.
Reuters - Published Also reported by •WorldNews

Luxury goods firm LVMH eyes Tiffany takeover

Bernard Arnault's LVMH confirms it has held "preliminary discussions" about buying the US jeweller.
BBC News - Published

Louis Vuitton parent company LVMH reportedly makes takeover bid for Tiffany & Co.

Louis Vuitton owner LVMH is reportedly looking to add U.S. luxury jeweler Tiffany & Co. to its portfolio, which includes Moët & Chandon and TAG Heuer.
USATODAY.com - Published

French luxury group LVMH offers to buy U.S jeweler Tiffany: sources

Louis Vuitton owner LVMH has approached Tiffany & Co with an acquisition offer, people familiar with the matter said on Saturday, at a time when the U.S. luxury jeweler grapples with the impact of..
Reuters - Published

Trump's Vuitton visit stirs discord at the brand as designer hits out

Louis Vuitton designer Nicolas Ghesquiere has hit out at Donald Trump after the U.S. president inaugurated one of the brand's factories last week, distancing himself from a visit that was attended by..
Reuters - Published

McCartney presents eco-manifesto at Paris Fashion Week show

mccartney presents eco-manifesto at paris fashion week show
PARIS (AP) - Riding on the increased focus on the fight against climate change, the fashion industry's eco-pioneer Stella McCartney turned parts of her Paris Fashion Week show into a manifesto on..
WorldNews - Published

Billionaire fashion CEO says Greta Thunberg is ‘demoralising for young people’

billionaire fashion ceo says greta thunberg is ‘demoralising for young people’
The owner of luxury fashion conglomerate Louis Vuitton Moet Hennesey (LVMH) has called Greta Thunberg ‘demoralising’. Speaking at a sustainability event in Paris, Bernard Arnault – the richest..
WorldNews - Published

Stella McCartney signs deal with French luxury group LVMH

stella mccartney signs deal with french luxury group lvmh
Stella McCartney has signed a deal with France’s largest luxury group, LVMH, to “accelerate its worldwide development in terms of business and strategy”. The news, announced on Monday, comes just..
WorldNews - Published

LVMH’s Bernard Arnault enters $100 billion club, in league with Bill Gates, Jeff Bezos

lvmh’s bernard arnault enters $100 billion club, in league with bill gates, jeff bezos
Bernard Arnault’s riches swelled about $32 billion in the current year. With this feat, Bernard Arnault has also outshone the wealth of Bill Gates’s best friend Warren Buffett. ......
WorldNews - Published

Sephora to shut U.S. stores for day of diversity training after racial incident

LVMH's Sephora beauty chain said it will close all its U.S. stores, distribution centers and corporate offices on Wednesday to conduct diversity training for employees, a move that follows a racial..
Reuters - Published

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