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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%, compared to Richemont's 15.4% ...
As of late 2020, LVMH has the largest market capitalization of any company in France, [45] and also in the Eurozone with a record of 261 billion euros ($317.6 billion). [46] As of December 2020, Arnault's own fortune was nearly half that, with a personal net worth of $151.7 billion. [47] LVMH completed the purchase of Tiffany in January 2021. [48]
A surprise election result in its home country dinged the stock of luxury goods specialist LVMH Moët Hennessy Louis Vuitton (OTC: LVMUY) on Monday. The company saw the price of its U.S.-listed ...
China’s poor performance dragged down LVMH’s revenues in Asia in the second quarter, which fell 8 percent after a rise of 8 percent in the prior three months. In his new role, a newly created ...
The new deal reduced the amount paid per share by LVMH from the original price of $135 to $131.50. [47] LVMH completed the purchase of Tiffany in January 2021. [48] Under Arnault's leadership, LVMH has grown to become the largest company by market capitalization in the eurozone, [49] with a record of 313 billion euros ($382 billion) as of May ...
L Catterton is an American multinational private equity firm. Founded in Greenwich, Connecticut in 1989, the fund has made over 250 investments in brands across all segments of the consumer industry. [3]
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Arnault was born in Neuilly-sur-Seine, France, the second son of Bernard Arnault and his second wife, French-Canadian pianist Hélène Mercier (b. 1959). [3] His older brother is Alexandre Arnault (b. 1992), the president of Tiffany & Co. in New York City, and his younger brother Jean Arnault (b. 1998) works in the watch division of Louis Vuitton.