By Mimosa Spencer and Danilo Masoni PARIS (Reuters) -Shares in LVMH were on track for their largest drop in 14 months on Wednesday after the luxury goods group's latest sales figures disappointed investors hoping for stronger signs of a rebound at the sector bellwether.
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In the handbag world, the word classic immediately brings to mind a few iconic bags. Think the Louis Vuitton Speedy, Alma, and storied Noé. Of course, a discussion of handbag classics isn’t
Goldman Sachs analyst Louise Singlehurst maintained a Buy rating on LVMH Moet Hennessy Louis Vuitton (0HAU – Research Report) today and set a
Barclays analyst Carole Madjo maintained a Buy rating on LVMH Moet Hennessy Louis Vuitton (0HAU – Research Report) today and set a price target
Earlier in the month, LVMH ( OTCPK:LVMHF )took back the title of the largest European company by market cap after rallying 8.3% to start the year. It is the first time since 2023 that LVMH ( OTCPK:LVMHF) has had the distinction. Shares of LVMH are up more than 20% over the first four weeks of the year.
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The core fashion and leather goods business—which houses Louis Vuitton and Dior—recorded revenue of €11.14 billion for the quarter, surpassing analysts’ forecasts of €10.915 billion.