LVMH shares dropped as slightly better-than-expected full-year results from the world’s largest luxury company threw doubt over a broader sector recovery.

I’m not going to report record revenue, but it was nonetheless a robust year," CEO Bernard Arnault said during the earnings call.

LVMH dethroned Novo Nordisk on Friday in the same week that Cartier owner Richemont surged on the back of record quarterly results, stoking hopes for a luxury revival. The change in rankings is a ...

CFRUY), the owner of Cartier. The results seemed to indicate a long-awaited recovery in the luxury sector, and sector stocks broadly gained on the news. As of 1:07 p.m. ET, LVMH stock was up 9.8% ...

These are the stories making headlines in fashion on Thursday. Ayo Edebiri covers W. For W Magazine's Volume 2, The Directors ...

Bernard Arnault is outpacing Elon Musk and Mark Zuckerberg in wealth gain this year after signs of a rebound in luxury demand boosted LVMH stock.

The world’s largest luxury company LVMH on Tuesday reported better-than-expected full-year sales, in the strongest sign yet of a potential turnaround in the high-end sector.

Along with boosting Richemont’s shares by 18%, the reports spread cheer across the luxury sector as top conglomerate LVMH gained as much as nearly 9% and Hermès International increased by 6%.

ZURICH (Reuters) -Richemont, the owner of Cartier jewellery ... rose 14%. Rivals LVMH and Kering also got a boost, with both up more than 7%. Swatch was up as much as 10%. Bernstein analyst ...