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Hong Kong investigates Louis Vuitton data leak

Hong Kong's privacy watchdog said today it was investigating a data leak at Louis Vuitton affecting about 419,000 customers, just after a cyberattack on the luxury brand in South Korea in June.

Business • 21 Jul

The French company is behind high-end labels including fashion houses Louis Vuitton and Dior.

LVMH posts 3% drop in first quarter sales

LVMH, the world's largest luxury group, said today sales fell 3% over the first quarter, missing expectations and confirming a sector slowdown as shoppers held back on purchases of designer goods in a choppy economic environment.

Business • 14 Apr

The owner of brands including Louis Vuitton handbags and Bulgari jewellery said sales for the three months to end-December reached 23.9 billion euros.

LVMH beats forecast with 1% rise in fourth quarter sales

Luxury bellwether LVMH beat expectations today with a 1% rise in fourth-quarter sales as demand for designer fashion and handbags picked up over the Christmas season, adding to hopes the sector has turned a corner.

Business • 28 Jan

Shares in Moncler and LVMH are higher after the owner of Louis Vuitton invested in the Italian outerwear specialist

Italy's Moncler shares trade higher after LVMH deal

Shares in Moncler and LVMH were sharply higher this morning after the owner of Louis Vuitton and Moet & Chandon champagne invested in the Italian outerwear specialist, in a deal which will give it a seat on the board.

Business • 27 Sep 24

Sales at the world's biggest luxury group and owner of labels Louis Vuitton, Tiffany & Co and Hennessy slowed in the second quarter of 2024

LVMH sales miss estimates as Chinese market slows

LVMH sales growth slowed in the second quarter as Chinese shoppers reined in spending on high-end fashion at home, even as demand in Western markets slightly picked up.

Business • 24 Jul 24

Sales at the French group, owner of labels Louis Vuitton, Tiffany & Co. and Hennessy, grew to 20.98 billion euros

LVMH sales grow 1% in second quarter, missing estimates

LVMH, the world's biggest luxury company, posted a 1% rise in organic sales in the second quarter today, missing analyst estimates, and likely adding to investor jitters about slowing growth in the sector.

Business • 23 Jul 24

LVMH is the world's largest luxury group, owner of Louis Vuitton

LVMH's first quarter sales growth slips to 3%

LVMH reported a 3% increase in first quarter sales today, marking a slowdown as rising prices prompted more shoppers who aspire to own its handbags and other luxury goods to hold back on splashing out.

Business • 16 Apr 24

LVMH, a conglomerate spanning spirits, jewellery, cosmetics and fashion, is regarded as a bellwether for the wider luxury industry.

LVMH grows sales as luxury shoppers show resilience

Luxury goods group LVMH posted a 10% rise in fourth quarter sales, as growth edged up from the previous quarter, driven by resilient demand for its high end fashion labels.

Business • 25 Jan 24

A Louis Vuitton luxury clothing boutique in Europe

LVMH shares slump as luxury giant's sales growth slows

Luxury goods bellwether LVMH has reported a 9% rise in third quarter revenue, marking slower growth as a strong wave of post-pandemic spending eases due to rising inflation and economic turbulence.

Business • 11 Oct 23

The world's largest luxury company owns Louis Vuitton and Dior fashion houses as well as Hennessy cognac and US jeweler Tiffany

LVMH sales lifted by strong Chinese rebound

French group LVMH reported a 17% rise in first-quarter sales, lifted by a return to strong business in China, which is serving as a relay of growth just as shoppers in the United States begin to ease off a months-long, post-pandemic splurge.

Business • 12 Apr 23

LVMH's star designer label Louis Vuitton, by far the world's biggest, surpassed €20 billion in sales for the first time

LVMH's sales defy downturn as shoppers splurge

Luxury goods group LVMH's sales rose 9% in the fourth quarter as shoppers in Europe and the US splurged over the crucial Christmas season, helping partly to offset Covid disruptions in China.

Business • 27 Jan 23

The firm achieved the increases in profits and revenues in 2021 despite Covid-19 restrictions

Profits at Irish arm of Louis Vuitton surge to €8.06m

'Bling was king' for growing numbers of Irish people during the pandemic as pre-tax profits at the Irish arm of Louis Vuitton last year surged by 12% to €8.06m.

Business • 24 Nov 22

LVMH operates 522 stores and 110 production sites in France

LVMH to turn off lights at night in French stores

LVMH plans to turn off the lights at its stores at night, starting in France in October, with plans to deploy the energy-saving measure in other parts of the world at a later stage, the luxury giant said today.

Business • 15 Sep 22

The company said it remained "both vigilant and confident" at the start of the year

LVMH Q1 sales driven by high demand for Louis Vuitton

Strong demand for Louis Vuitton and Dior products helped lift first quarter sales at the world's largest luxury goods conglomerate, showing the sector's resilience despite geopolitical tensions and volatile stock markets.

Business • 12 Apr 22

The price increases will affect Louis Vuitton stores worldwide

Louis Vuitton to raise price tags as costs climb

Louis Vuitton, LVMH's top fashion brand, has said it will raise prices globally tomorrow as a result of increased manufacturing and transportation costs.

Business • 15 Feb 22

LVMH said the popularity of its star labels Louis Vuitton and Dior helped its fashion and leather goods division to report 24% growth

LVMH shares flat as its Q3 revenues rise

Shares in LVMH were flat in early trading today after the French luxury giant posted a strong rise in sales in its fashion and leather goods division in the third quarter.

Business • 13 Oct 21

The group's sales last year totalled $10.1 billion

Chanel enjoys strong recovery from pandemic

French luxury group Chanel expects to increase sales by double digits this year compared with their 2019 pre-pandemic levels, the group's chief financial officer said today, after the coronavirus crisis hit revenues in 2020.

Business • 15 Jun 21

LVMH was boosted by demand for Louis Vuitton handbags

Chinese and US luxury lovers power rebound at LVMH

LVMH's shares rose to record highs today after the world's biggest luxury goods company posted sales figures that showed it had bounced back far more quickly than expected in early 2021.

Business • 14 Apr 21

Strong sales at Louis Vuitton power a rebound at LVMH

Surging sales at Louis Vuitton and Dior helped French luxury giant LVMH make a strong start to 2021, with overall revenues returning to growth in the first quarter, despite new coronavirus lockdowns in much of Europe.

Business • 13 Apr 21

Strong sales at LVMH's fashion brands like Louis Vuitton helped to cushion the impact of the coronavirus pandemic

Louis Vuitton offsets drop in sales at LVMH

Booming sales at LVMH's fashion brands like Louis Vuitton, particularly in China, helped to cushion the impact of the coronavirus pandemic, which has crimped revenues at the French luxury group.

Business • 27 Jan 21

LVMH and Tiffany announced a tie-up last year, but the deal appeared to fall apart in recent weeks

LVMH, Tiffany resume merger talks: reports

LVMH and Tiffany have revived talks to try to resuscitate their merger, which has been on shaky ground since late summer, a person close to the talks has said.

Business • 27 Oct 20

The maker of the $10,000-plus Birkin bag said sales were improving in all regions, and particularly in Asia

Birkin maker Hermes cautious on outlook due to Covid-19

French luxury group Hermes said today that comparable sales in the second quarter fell by 42% due to the fallout of the coronavirus outbreak.

Business • 30 Jul 20

LVMH has reported a slump in both its second-quarter sales and profits due to Covid-19

Louis Vuitton owner flags turnaround after sales slump

LVMH's shares fell today, weighing on the broader European luxury goods sector, after the Covid-19 pandemic tore a hole into the Louis Vuitton owner's second-quarter results.

Business • 28 Jul 20

Tiffany said the offer from LVMH was worth $120 per share, which would value the jewelley company at nearly $14.5 billion

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.

Business • 29 Oct 19

Louis Vuitton owner, LVMH, today posted higher than expected third quarter sales.

LVMH's strong Q3 numbers lift European luxury stocks

Shares in LVMH rose this morning, lifting up other European luxury goods stocks, after the Louis Vuitton owner posted higher-than-expected third quarter sales.

Business • 10 Oct 19