LVMH Moet Hennessy Louis Vuitton news and archive

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...

Business

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...