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In Europe, London and continental bourses mostly rose, with the notable exception of Paris, which was dragged down by poor results from luxury group LVMH, Europe's largest company by market value.
Shares in LVMH were on track for their largest drop ... citing one-off events like increased staff costs linked to the Paris 2024 Olympics and an employee share scheme. Shares in Europe's most ...
PARIS — Luxury goods conglomerate LVMH, Europe's largest company by market value, said on Tuesday that its net profit fell 17 percent last year to 12.55 billion euros ($13 billion) as sales slipped 2 ...
PARIS (Reuters) – LVMH chief executive Bernard Arnault has sparked a debate over France’s attractivity for business. In post-earnings remarks late on Tuesday, the billionaire said his company – known ...
Luxury group LVMH says 2025 is off to a good start as it reports an increase in sales in its most recent quarter. CEO Bernard Arnault, who is shifting the company's focus to the US in order to ...
Over in Paris, LVMH slumped 5.1%. The Paris-based luxury goods firm late Tuesday reported net income of EUR12.6 billion, down 17% from EUR15.2 billion a year prior, as revenue fell 1.7% to EUR84.7 ...
LMVH's Paris-listed stock (FR:MC) fell 6% and now is down 9% over the last 52 weeks. Shares of Gucci maker Kering (FR:KER) also fell 6%. The LVMH results helped drag the French CAC 40 index FR ...