lvmh
Europe also boasts its own collection of high-performing stocks, referred to as the Eurostars - a term coined by Jordy Hermanns, Portfolio Manager at Aegon Asset Management. The Eurostars comprise Novo Nordisk, ASML, LVMH, Ferrari, Adyen, Schneider Electric, and Hermès. Remarkably, since the beginning of 2020, this elite group of European stocks has not only matched but outperformed the robust performance of the US-based Magnificent 7. "These companies have increased their weight and influence in benchmark indices. This winner-takes-all paradigm has had a significant impact on the global econo...
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German sandal maker Birkenstock has announced that 14 million of its ordinary shares are to be sold in a secondary offering by an entity affiliated with its largest backer. In the offer, set to close on 28 June this year, shares will be sold at $54 (€50) a piece - Birkenstock confirmed on Wednesday. L Catterton, a US private equity firm supported by French billionaire Bernard Arnault and luxury goods giant LVMH, is seeking to reduce its stake in Birkenstock. Its ownership will fall from 81.1% to 73.2%. Hopes for a strong demandThe sale is expected to raise $756 million (€707 million), although...
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Louis Vuitton’s latest men’s wear has got dog owners hot under the collar. While the top fashion house kept a tight leash on its Spring-Summer 2025 Pre-Collection, it has now revealed how its collaboration with musician Pharrell has inspired paws-for-thought. It’s a fashion collection for dog owners. That’s the bit. Sorry for all the ruff puns. Giant pumpkins to Keith Haring murals: Art Basel exhibit showcases monumental installationsWho is Tomas Colbengston, winner of art's most prestigious print award?Pharrell Williams, the American musician from N.E.R.D. and behind hits like ‘Happy’ and Daf...
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Top European luxury stocks have all shown a slowdown in growth in their first-quarter earnings results, although these brands displayed varying growth patterns. The Stoxx Europe Luxury 10 Index (STXLUXP), which consists of 10 companies positively exposed to European luxury goods, such as LVMH, Hermes, and Kering, fell by 2% monthly. Meanwhile, the European Stoxx 600 Index (SXXP) rose by 3% during the same period. A notable trend was that most companies reported a negative impact from weakened consumer demand in Asia, particularly in China. This sector may experience flat growth due to a sluggi...
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Romania’s minister of culture says she will ask French luxury fashion house Louis Vuitton to acknowledge that a traditional Romanian blouse directly inspired items in one of its 2024 collections. “We will request that Louis Vuitton recognize the heritage and cultural value of the traditional blouse model with ribbons,” Raluca Turcan wrote on Facebook late Monday, adding it’s an opportunity for international recognition of the “inestimable value” of Romanian tradition. In pictures: Adorable designer dogs strut their stuff at the Pet GalaOn Wednesdays we wear black: How to celebrate World Goth D...
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Amazon boss, Jeff Bezos, has overtaken Bernard Arnault, the head of LVMH as the world's richest man , according to Bloomberg Billionaires Index, a daily ranking of the world's richest people. However, Bernard Arnault, with his estimated fortune of $203 billion (€187.6 billion), is not trailing too far behind the American founder and major shareholder of Amazon, who has a fortune of $205 billion (€190.4 billion). Battle for top spot continues apaceElon Musk, the boss of Tesla, SpaceX and X (formerly Twitter), was beaten into the top slot in March by Bezos, after losses of more than $30 billion ...
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Louis Vuitton unveiled its latest fashion designs at Barcelona’s Park Güell perfectly complementing Antoni Gaudí’s architectural masterpiece with dramatic new styles. Where tourists tread daily in tank tops, shorts and flip flops, the UNESCO World Heritage Site transformed into a stage for avant-garde garments that harmonised with its earthy and ethereal tones. The models weaved their way through the 86 Doric columns that hold up a vaulted square in the center of the park that overlooks Barcelona and the Mediterranean Sea in the distance. In pictures: Gucci hosts star-studded cruise collection...
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Fashion and technology meet at the Viva Technology fair in Paris this week, with artificial intelligence (AI) taking centre stage. While the tech is being embraced, there are fears it could stifle creativity. “Our use of AI is clearly long-term,” Gonzague de Pirey, chief officer of Omnichannel and data at the luxury conglomerate LVMH told Euronews Next. “We're in the luxury business. In fact, we don't really follow fashion phenomena, we're very wary of that,” he said at an adorned LVMH stand that takes you through a so-called “dream garden” with its meticulously hand-crafted white paper foliag...
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Eight up-and-coming fashion designers have been selected for the final round of the LVMH young designers prize, representing European countries and the United States. The eight winning brands presented a blend of menswear, womenswear and gender-fluid collections to a jury of design experts and the public last week. CEO of Dior and Executive Vice President of LVMH Delphine Arnault said the contestants brought diversity, craftsmanship and sustainability to the table. “The semi-finalists showed great expertise in terms of craftsmanship and a strong commitment to sustainability,” Arnault said in a...
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