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LVMH Moet Hennessy Louis Vuitton SE (LVMH.PA)

LVMH.PA on Paris Stock Exchange

428.00EUR
23 Oct 2020
Change (% chg)

€0.80 (+0.19%)
Prev Close
€427.20
Open
€423.80
Day's High
€428.85
Day's Low
€422.00
Volume
371,843
Avg. Vol
457,678
52-wk High
€440.30
52-wk Low
€278.70

Latest Key Developments (Source: Significant Developments)

LVMH CFO Says Louis Vuitton sales in China turned positive in Q3
Thursday, 15 Oct 2020 

Oct 15 (Reuters) - :LVMH CFO SAYS SALES IN CHINA FOR VUITTON TURNED POSITIVE IN Q3.LVMH CFO SAYS EUROPEAN SALES FOR FASHION AND LEATHER WENT VERY WELL IN Q3.LVMH CFO SAYS GROUP DOESN'T THINK IT NEEDS TO TEAM UP WITH OTHER PLAYERS LIKE AMAZON, FACEBOOK TO DISTRIBUTE ITS GOODS.LVMH CFO SAYS CANNOT COMMENT IN ANY WAY ABOUT TIFFANY DEAL GIVEN ONGOING LEGAL DISPUTE.  Full Article

LVMH Says Sales In Asia Excluding Japan Rose 13 Pct in Q3
Thursday, 15 Oct 2020 

Oct 15 (Reuters) - :LVMH SAYS SALES IN ASIA EXCLUDING JAPAN WERE UP 13% LIKE-FOR-LIKE IN Q3.LVMH SAYS SALES IN THE UNITED STATES FELL 4% IN Q3 LIKE-FOR-LIKE, DOWN 24% IN EUROPE AND DOWN 17% IN JAPAN.  Full Article

LVMH Posts Q3 Sales Down At EUR 11.96 Bln, Says Will Continue Strengthen Its Cost Controls
Thursday, 15 Oct 2020 

Oct 15 (Reuters) - LVMH SE ::DECISION TO PAY AN INTERIM DIVIDEND WILL BE DISCUSSED BY THE BOARD OF DIRECTORS BEFORE THE END OF THE MONTH AND ANNOUNCED THEREAFTER.OUTLOOK: TO ‍​CONTINUE TO EXERCISE CAUTION, STRENGTHEN ITS COST CONTROLS AND SELECTIVITY IN ITS INVESTMENTS.​ON TIFFANY: TO DATE, NINE OF THE TEN REQUIRED REGULATORY AUTHORISATIONS HAVE ALREADY BEEN OBTAINED.SAYS Q3 SALES STOOD AT 11.955 BILLION EUR, DOWN 7 PERCENT YEAR-ON-YEAR ON A LIKE-FOR-LIKE BASIS.SALES IN THE FASHION AND LEATHER GOODS DIVISION WERE UP 12 PERCENT Y/Y IN Q3 ON A LIKE-FOR-LIKE BASIS.Q3 WINE AND SPIRITS SALES DOWN 3% LIKE-FOR-LIKE, PERFUME AND COSMETICS SALES DOWN 16%.TIFFANY: EXPECTS TO RECEIVE APPROVAL FROM THE EUROPEAN COMMISSION BY THE END OF OCTOBER.Q3 WATCHES SALES DOWN 14% LIKE-FOR-LIKE, SALES IN RETAILING DIVISION DOWN 29%.  Full Article

Tiffany & Co Says As Of September 25, Tiffany Has More Than $1.2 Billion In Cash And Has No Liquidity Constraints
Tuesday, 29 Sep 2020 

Sept 29 (Reuters) - LVMH Moet Hennessy Louis Vuitton SE ::TIFFANY & CO - RESPONDS TO LVMH.TIFFANY SAYS 'CONFIDENT' COURT WILL AGREE AT TRIAL AND REQUIRE SPECIFIC PERFORMANCE BY LVMH.TIFFANY & CO - REITERATES CONTRACTUAL REQUIREMENT TO LVMH TO COMPLETE TRANSACTION ON AGREED TERMS.TIFFANY SAYS "LVMH HAS STILL OFFERED NO SUPPORT FOR ITS CLAIM THAT TIFFANY BREACHED ITS OBLIGATION TO CONDUCT ITS BUSINESS IN ORDINARY COURSE".TIFFANY & CO SAYS LVMH STILL HAS NOT PROVIDED TIFFANY OR COURT WITH A COPY OF LETTER FROM FRENCH GOVERNMENT OFFICIAL.TIFFANY & CO - AS OF SEPTEMBER 25, 2020, TIFFANY HAS MORE THAN $1.2 BILLION IN CASH AND HAS NO LIQUIDITY CONSTRAINTS.  Full Article

-LVMH Says It Filed Countersuit Against Tiffany
Tuesday, 29 Sep 2020 

Sept 29 (Reuters) - LVMH Moet Hennessy Louis Vuitton SE ::REG-LVMH FILES COUNTERSUIT AGAINST TIFFANY. THE CONDITIONS TO CLOSE THE ACQUISITION ARE NOT MET..LVMH CONTINUES TO HAVE FULL CONFIDENCE IN ITS POSITION THAT CONDITIONS NECESSARY TO CLOSE ACQUISITION OF TIFFANY HAVE NOT BEEN MET.CONFIRMS IT HAS FULLY MET ITS OBLIGATIONS UNDER MERGER AGREEMENT, INCLUDING UPHOLDING ITS COMMITMENT TO USE ITS REASONABLE BEST EFFORTS TO OBTAIN ALL REGULATORY CLEARANCES AS TRANSPARENTLY AND PROMPTLY AS PRACTICABLE..A LETTER LVMH RECEIVED FROM MINISTER OF EUROPE AND FOREIGN AFFAIRS IN FRANCE MAKES IT IMPOSSIBLE TO CLOSE TRANSACTION WITH TIFFANY BEFORE OUTSIDE DATE.LVMH CONFIRMS IT HAS FULLY MET ITS OBLIGATIONS UNDER MERGER AGREEMENT.LVMH EXPECTS TO RECEIVE APPROVAL FROM EUROPEAN COMMISSION IN OCTOBER AND TAIWAN WELL BEFORE OUTSIDE DATE.HAVE CONFIDENCE IN ITS POSITION THAT THE SPURIOUS ARGUMENTS PUT FORWARD BY TIFFANY ARE COMPLETELY UNFOUNDED..  Full Article

Lagardere and Arnault Families Finalise Partnership Terms
Thursday, 24 Sep 2020 

Sept 24 (Reuters) - Lagardere SCA ::ARNAULT AND LAGARDÈRE FAMILIES HAVE FINALISED THE TERMS OF THEIR PARTNERSHIP ANNOUNCED ON 25 MAY 2020.ARNAUD LAGARDÈRE CONTINUES TO CONTROL LAGARDÈRE CAPITAL AND REMAINS ITS CHAIRMAN.GROUPE ARNAULT ACQUIRED A DIRECT INTEREST IN LAGARDÈRE SCA AND NOW HOLDS MORE THAN 5% OF ITS SHARE CAPITAL..ARNAUD LAGARDÈRE CONTINUES TO CONTROL LAGARDÈRE CAPITAL AND REMAINS ITS CHAIRMAN.GROUPE ARNAULT WILL FILL ONE OF THE FOUR SEATS ON THE BOARD OF DIRECTORS OF ARJIL COMMANDITÉE - ARCO.GROUPE ARNAULT’S EQUITY INVESTMENT DOES NOT GIVE RISE TO A CHANGE OF CONTROL IN LAGARDÈRE CAPITAL OR ARJIL COMMANDITÉE - ARCO.FURTHER TO TRANSACTION TODAY, GROUPE ARNAULT HOLDS, THROUGH SUBSIDIARY FINANCIÈRE AGACHE, INTEREST REPRESENTING C. 27% OF LAGARDÈRE CAPITAL'S SHARE CAPITAL.LAGARDÈRE CAPITAL ITSELF HOLDS 7.26% OF THE SHARE CAPITAL AND 11.00% OF THE VOTING RIGHTS OF LAGARDÈRE SCA, AND 99.88% OF ARCO.  Full Article

Instacart And Sephora Launch Same-Day Delivery Across North America
Thursday, 24 Sep 2020 

Sept 24 (Reuters) - INSTACART::INSTACART AND SEPHORA LAUNCH SAME-DAY DELIVERY ACROSS NORTH AMERICA.INSTACART - SEPHORA SAME-DAY DELIVERY WITH CO AVAILABLE IN SOME LOCATIONS IN CALIFORNIA, CANADA & WILL EXPAND TO OVER 400 STORES OVER COMING WEEKS.  Full Article

French LVMH expects antitrust clearance for Tiffany deal before Nov. 24
Friday, 18 Sep 2020 

Sept 18 (Reuters) - :FRENCH LVMH SAYS LVMH SAYS THAT EARLIER TODAY, IMMEDIATELY AFTER RECEIVING APPROVAL TO PROCEED BY THE EUROPEAN COMMISSION, IT HAS SUBMITTED THE PROPOSED ACQUISITION OF TIFFANY FOR ANTITRUST REVIEW.FRENCH LVMH SAYS EIGHT OF TEN REQUISITE ANTITRUST CLEARANCES HAVE ALREADY BEEN OBTAINED AND SAYS IT EXPECTS TO RECEIVE APPROVAL FROM THE EUROPEAN COMMISSION AND TAIWAN WELL BEFORE NOVEMBER 24.  Full Article

Credit Agricole CIB successfully places 3.1% of Carrefour's shares
Tuesday, 15 Sep 2020 

Sept 15 (Reuters) - Crédit Agricole CIB ::ANNOUNCES THE SUCCESS OF THE DISPOSAL OF 24,999,996 CARREFOUR SHARES, REPRESENTING C.3.1% OF CARREFOUR SHARE CAPITAL.SAYS SHARE DISPOSAL REPRESENTS A TOTAL AMOUNT OF C. € 345M.BERNARD ARNAULT: FOLLOWING THIS FINANCIAL TRANSACTION, GROUPE ARNAULT AND ITS AFFILIATES REMAIN SIGNIFICANT SHAREHOLDERS OF CARREFOUR.BERNARD ARNAULT: EXPRESSES CONFIDENCE IN THE GROUP AND IN THE AMBITIOUS STRATEGY LED BY ITS CHAIRMAN, ALEXANDRE BOMPARD.GROUPE ARNAULT AND ITS AFFILIATES HAVE ENTERED INTO A LOCK UP AGREEMENT IN RESPECT OF THE CARREFOUR SHARES THEY HOLD FOR A 120 DAY-PERIOD, FROM THE SETTLEMENT DATE OF THE PLACEMENT, SUBJECT TO SOME EXCEPTIONS.  Full Article

Tiffany Says Registrant Delivered To LVMH Confirmatory Notice That Registrant Thereby Extends Outside Date To Nov 24
Tuesday, 25 Aug 2020 

Aug 25 (Reuters) - LVMH Moet Hennessy Louis Vuitton SE ::TIFFANY - ON AUG 24, REGISTRANT DELIVERED TO LVMH CONFIRMATORY NOTICE THAT REGISTRANT THEREBY EXTENDS OUTSIDE DATE TO NOV 24.TIFFANY - LVMH NOTIFIED CO IT RESERVES RIGHT TO CHALLENGE VALIDITY OF EXTENSION OF OUTSIDE DATE.TIFFANY - DEAL REMAINS SUBJECT TO CLEARANCE BY EC, JAPAN FAIR TRADE COMMISSION, MEXICAN COMPETITION AUTHORITY & TAIWAN FAIR TRADE COMMISSION.  Full Article

UPDATE 1-Mining billionaire Forrest buys famed Australian bootmaker RM Williams

SYDNEY, Oct 19 Australian mining billionaire Andrew Forrest said his private company bought bootmaker R.M. Williams from a fund backed by French fashion giant LVMH Moet Hennessy Louis Vuitton SE, returning ownership of the famed fashion label to its home country after six years.