Pins matching place:"Avenue Montaigne"

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.

Dior announced Jonathan Anderson as creative director of its women's, men's and haute couture collections, the first time one designer has held all three since Christian Dior himself; he succeeds Maria Grazia Chiuri on womenswear.

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.

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.