Pins matching company:LVMH

LVMH finalized its purchase of Tiffany & Co. at $131.50 a share in cash, a total of $15.8 billion, and immediately named Anthony Ledru as Tiffany's CEO and Alexandre Arnault as its product and communications chief.

LVMH announced a Premium Partnership with the Paris 2024 Olympic and Paralympic Games, with Chaumet designing the medals and Louis Vuitton, Dior, Moët Hennessy and other Maisons taking roles across the Games, reportedly worth around €150 million.

LVMH and Formula 1 announced a 10-year global partnership starting in 2025, bringing Louis Vuitton, Moët Hennessy and TAG Heuer into the sport as LVMH became a Global Partner of F1 for the first time.

LVMH shareholders approved raising the company's chairman-and-CEO age limit from 80 to 85 with 99.18% of the vote, clearing Bernard Arnault, then 76, to keep running the group without having named a successor.

LVMH's full-year 2025 revenue fell 5% on a reported basis to €80.8 billion, with organic revenue down 1%, as profit from recurring operations came to €17.8 billion and net profit held at €10.9 billion.

LVMH's first-quarter 2026 revenue fell 6% on a reported basis to €19.1 billion, though organic revenue still grew 1%, as the group said the conflict in the Middle East cut about a point off underlying growth.

LVMH's first-half 2026 revenue was €38.6 billion, down 3% on a reported basis, as organic revenue rose 2% and growth accelerated to 3% organically in the second quarter, with net profit steady at €5.7 billion.

The final of the 13th LVMH Prize for Young Fashion Designers took place September 4, 2026 at the Fondation Louis Vuitton in Paris, where Belgian designer Julie Kegels won the top prize and a 400,000-euro endowment; Chinese designer Zane Li (Lii) won the Karl Lagerfeld Prize and Kenyan designer Anil Padia (Yoshita 1967) won the Savoir-Faire Prize.

LVMH is next expected to report third-quarter 2026 revenue in mid-to-late October, the release that will show whether the organic growth seen in the first half continued into the autumn.