Luxury goods giant LVMH and others such as Lureway and Kaiteng established a consumer equity fund in Guangzhou.
According to Tianyancha, recently, Luweikaiteng (Guangzhou) Consumer Equity Investment Fund Partnership Enterprise (Limited Partnership) was established, with the executive transaction partner being Luweikaiteng (Chengdu) Private Equity Fund Management Co., Ltd., with a contribution of approximately 0.94 billion RMB, operating in the private equity fund business activities such as equity investment, investment management, and asset management. The partner information shows that the fund is jointly funded by Luweikaiteng's Lu Kai (Hainan) Investment Partnership Enterprise (Limited Partnership), Luweikaiteng (Chengdu) Private Equity Fund Management Co., Ltd., and the Greater Bay Area Cultural Industry Investment Fund Management Co., Ltd.
Peloton Keeps Rallying Ahead of Its Earnings Report This Week
LVMH Announces the Launch of an International Employee Shareholding Plan, LVMH Shares
LVMH Group: Q3 organic sales of fashion and leather goods fell by 5%, below expectations.
On October 15th, LVMH Group's organic sales of fashion and fur declined by 5% in the third quarter, with analysts expecting an increase of 0.48%; organic sales of wine and spirits decreased by 7% in the third quarter, with analysts expecting a decrease of 2.41%; revenue in the third quarter was 19.08 billion euros, analysts expected 20.05 billion euros.
LVMH 9M Organic Growth 6%; 9M Revenue €60.8 Billion; Q3 Revenue Of €19.08B Vs €20.33B Est; Organic Revenue Down -3% Vs +2% Est; Fashion And Leather Goods Revenue At €9.15B Vs €9.82B Est; Organic Revenue For Fashion And Leather Goods Declines 5% Vs +4% Est
Long High-end Retail and Short Low-end Retail Through 2024 – Wolfe Research
'LVMH Took Over the Paris Olympics. Now It's Snagged Formula One; From Louis Vuitton Trophy Cases to Moët & Chandon on the Podium, Bernard Arnault's Luxury Conglomerate Pulls Out the Stops in a Sign of F1's Global Ascendence'- WSJ
Formula 1 and LVMH Announce Historic 10-year Global Partnership
LVMH Announces That It Has Sold Off-White LLC, Company Which Owns Off-White Brand, To Bluestar Alliance; Terms Of The Transaction Are Not Being Disclosed
LVMH European stocks surged more than 5%.
Grace 26th September|LVMH in the European market surged more than 5%, the largest increase since April.
Live On CNBC, Amy Raskin Announced Trimmed LVMH-Moet Hennessy Louis Vuitton Position
According to reports, the head of LVMH's luxury retail department is expected to resign.
Gelonghui September 25th | Informed sources said that Chris de Lapuente, Chief Executive Officer of the luxury retail department of LVMH Moët Hennessy Louis Vuitton Group, is about to leave, and this news may be announced this week. Chris de Lapuente joined LVMH in 2011 and served as President and CEO of Sephora.
China-exposed Stocks With Low Volatility and High Upside to YTD Highs
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Musk, Bezos, Ellison, And Zuckerberg Skip Ahead Of Bernard Arnault In Billionaire Rankings After LVMH CEO's Wealth Takes A $54B Dip: What Happened?
Why the FTC Faces a 'High Hurdle' in Tapestry-Capri Challenge
LVMH Moet Hennessy Louis Vuitton To Go Ex-Dividend On December 2nd, 2024 With 6.06925 USD Dividend Per Share
September 9th (Eastern Time) - $LVMH Moet Hennessy Louis Vuitton(LVMHF.US)$ is trading ex-dividend on December 2nd, 2024.Shareholders of record on December 3rd, 2024 will receive 6.06925 USD
Barclays: Lowered LVMH Group's target price to 795 euros.
9th September Guolonghui | Barclays lowered LV Group's target price from 860 euros to 795 euros.
News reports that Sephora, a subsidiary of LVMH, will reduce its workforce by 10% in China.
According to Bloomberg, Sephora, the cosmetics retailer owned by the French luxury goods giant LVMH, will cut about 400 employees in China, accounting for about 10% of its more than 4,000 employees in China. This includes some retail and e-commerce business supervisors, with the hope of turning losses into profits.
Beyoncé Partners With LVHM's Moët Hennessy To Launch Luxury Whiskey Brand In Honor Of Her Great Grandfather
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