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As of 1:07 p.m. ET, LVMH stock was up 9.8%, compared to Richemont's 15.4%. Start Your Mornings Smarter! Wake up with Breakfast news in your inbox every market day.
Shares of Boston Beer (NYSE: SAM) stock are down 3.6% in response, as of 11:05 a.m. ET. Molson Coors (NYSE: TAP) and LVMH Moet ... Stock Advisor provides investors ... Yahoo Finance. Insurers are ...
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The company's valuations are cheap, but it has a powerful and high-profile product lineup.
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 ...
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]
Shares of LVMH fell as much as 8% Wednesday after the luxury goods conglomerate said revenue growth in the third quarter was much slower than in the first half of the year.
A dispiriting revenue update dampened investor enthusiasm for the company.