LVMH-Moet Hennessy Louis VuittonOTCPK - Current
Thu, Dec. 1, 3:22 PM
- G-III Apparel Group (GIII -1.58%) announced that it has completed its acquisition of Donna Karan International, Inc., parent of the Donna Karan and DKNY brands.
- Transaction details: G-III funded the total purchase price of $650 million, subject to certain adjustments, with a combination of (i) cash, (ii) $75 million of newly issued shares of our common stock to LVMH and (iii) a $125 million junior lien seller note, of which $75 million in principal amount has a six and a half year maturity and $50 million in principal amount has a seven year maturity. The cash portion of the purchase price was paid from the proceeds of a $350 million six-year senior secured term loan, and the balance from borrowings under a $650 million five-year senior secured asset based revolving credit facility and cash on hand. The new revolving credit facility refinanced and replaced the Company’s existing credit facility.
Fri, Oct. 14, 2:54 PM
- Piper Jaffray is out with the results of its annual Taking Stock With Teens Survey. The top brands listed by the 10K teens included in the survey are posted below.
- Top clothing brands: Nike (NYSE:NKE) 29%, American Eagle Outfitters (NYSE:AEO) 9%, Forever 21 5%, Ralph Lauren (NYSE:RL) 4%, Urban Outfitters (NASDAQ:URBN) 3%.
- Top handbag brands: Michael Kors (NYSE:KORS) 34%, Kate Spade (NYSE:KATE) 19%, Coach (NYSE:COH) 10%, Louis Vuitton (OTCPK:LVMHF) 5%, Longchamp Vera Bradley (NASDAQ:VRA) 3%.
- Top footwear brands: Nike 51%, Vans (NYSE:VFC) 9%, Converse 7%, Adidas (OTCQX:ADDYY) 6%, Steven Madden (NASDAQ:SHOO) 2%.
- Top restaurant chains: Starbucks (NASDAQ:SBUX) 14%, Chipotle (NYSE:CMG) 11%, Chick-fil-A 10%, Taco Bell (NYSE:YUM) 3%, Panera Bread (NASDAQ:PNRA) 3%, McDonald's (NYSE:MCD) 3%, Olive Garden (NYSE:DRI) 3%.
- Nothing earth-shattering in the tech results, dominating teen mindspace are Snapchat (Private:CHAT), YouTube, Instagram and Netflix (NASDAQ:NFLX).
Tue, Oct. 11, 3:02 PM
- LVMH Moët Hennessy Louis Vuitton (OTCPK:LVMHF, OTCPK:LVMUY) says it will resist the temptation to sell its products on Amazon.
- "We believe the business of Amazon does not fit with LVMH full stop and it does not fit with our brands," noted LVMH CFO Jean-Jacques Guiony during yesterday's post-earnings conference call.
- Amazon is hoping to attract more luxury brands to its platform.
- Previously: LVMH updates on 9-month results (Oct. 10)
Mon, Oct. 10, 12:57 PM
- LVMH Moët Hennessy Louis Vuitton (OTCPK:LVMHF, OTCPK:LVMUY) reports revenue was up to €26.3B ($29.32B) for the first nine months of the year.
- Organic revenue increased 5% during the period, with gains seen across all business groups
- LVMH says it will stick with a strategy focused on innovation and targeted geographic expansion in markets identified as promising.
- Source: Press Release
Tue, Oct. 4, 10:49 AM
- LVMH-Moet Hennessy Louis Vuitton (OTCPK:LVMHF) announces it acquired an 80% stake in German firm Rimowa for €640 ($713.3M). The deal values Rimowa at only 2X sales.
- The luggage and leather good seller reported sales growth of 28% last year to €350M. This year it's expected to reach €400M.
- Rimowa is the first German house to join the LVMH stable of businesses.
- LVMH press release (.pdf)
Tue, Jul. 26, 12:36 PM
Mon, Jul. 25, 3:33 AM
- For only the second time in its almost 30-year history, LVMH Moet Hennessy Louis Vuitton (OTCPK:LVMUY), the largest luxury conglomerate in the world, is selling a fashion brand.
- The French company has agreed to sell Donna Karan International to G-III Apparel Group (NASDAQ:GIII) in a deal worth $650M.
- The sale is expected to close in late 2016 or early 2017.
Mon, Jul. 25, 2:39 AM
- A cascade of terrorist attacks in Europe is driving away tourists at the height of the summer rush, casting a pall over hotel chains, airline companies and luxury retailers that are already grappling with Britain's vote to leave the EU.
- Germany was the latest country to get hit by a series of violent incidents over the weekend, including a suicide bombing and stabbing by two Syrian refugees and a German-Iranian teenager that shot and killed nine people at a mall in Munich.
- Related stocks: IHG, AAL, OTCQX:DLAKF, OTCQX:DLAKY, OTCPK:AFLYY, OTC:AFRAF, OTCPK:ICAGY, OTCQX:ESYJY, OTC:EJTTF, RYAAY, OTC:RYAOF, OTCPK:TCKGY, OTC:TCKGF, OTCPK:HESAY, OTCPK:HESAF, OTCPK:LVMUY, OTCPK:LVMHF, OTCPK:PPRUY, OTC:PPRUF
Tue, Jul. 5, 2:43 PM
- Full-price sales of luxury items have dropped sharply since the Brexit vote came in. Data-tracking firm Edited reports global luxury sell outs decreased 60% in the two weeks after the Brexit referendum, compared to the two-week period prior to the vote.
- The sector was already having a challenging year due a drop in Chinese tourism before the shock U.K. result.
- Luxury retailers: Gucci (OTC:PPRUF, OTCPK:PPRUY), Louis Vuitton (OTCPK:LVMUY), Coach (NYSE:COH), Ralph Lauren (NYSE:RL), Michael Kors (NYSE:KORS), Burberry (OTCPK:BURBY), Tiffany (NYSE:TIF), LVMH (OTCPK:LVMHF, OTCPK:LVMUY), Richemont (OTCPK:CFRUY, OTCPK:CFRHF), Remy Cointreau (OTCPK:REMYF, OTCPK:REMYY).
Tue, May 31, 9:18 AM
- LVMH-Moet Hennessy Louis Vuitton (OTCPK:LVMHF) names Fabio d'Angelantonio as the new CEO for Loro Piana.
- D'Angelantonio is a former marketing director at Luxottica with a strong track record of developing brands.
- Current CEO Matthieu Brisset will be given a new position at LVMH after d'Angelantonio takes over on September 1.
Mon, Apr. 11, 2:51 PM
- Weak sales in France contributed to a LVMH-Moet Hennessy Louis Vuitton's (OTCPK:LVMHF) FQ1 sales miss. Tourism in France still hasn't returned to the levels anticipated before the Paris attacks.
- LVMH's spirits division and perfume/cosmetics business both showed positive sales growth during the quarter to help offset the flat sales with fashion and leather goods.
- Total LVMH sales were up 4%, while organic sales improved by 3%.
- Previously: LVMH-Moet Hennessy Louis Vuitton reports Q1 results (April 11)
Mon, Apr. 11, 1:14 PM
- LVMH-Moet Hennessy Louis Vuitton (OTCPK:LVMHF): Q1 Revenue of €8.62B (+3.6% Y/Y).
Thu, Jan. 28, 3:03 PM
- Swiss watchmakers are looking for new markets and introducing products at lower price points due to soft demand in Europe.
- Weak Chinese tourism, the strong Swiss franc, and competition at lower prices points from Apple Watch and other smartwatch introductions have put pressure on the high end.
- "We expect 2016 to be a very, very difficult year," warns HYT Chief Vincent Perriard.
- Related stocks: OTCPK:SWGAY, MOV, TIF, OTCPK:CFRUY, OTCPK:LVMHF, OTCPK:HESAF,
Mon, Jan. 18, 11:02 AM
- Goldman Sachs sees 20% upside for select European luxury stocks as a bottoming out of earnings takes hold this year and fundamentals improve.
- Despite a forecast for global luxury sales growth to slow to 3.4% in 2016, the investment firm thinks some improving trends could lead to share appreciation.
- LVMH-Moet Hennessy (OTCPK:LVMHF) is upgraded to Buy from Neutral.
- Kering (OTC:PPRUF, OTCPK:PPRUY) is moved to Neutral after being slotted at Sell.
- Other names to watch for gains include Burberry (OTCPK:BURBY, OTCPK:BBRYF), Montcler (OTCPK:MONRF), and Salvatore Ferragamo (OTCPK:SFRGF, OTCPK:SFRGY).
Oct. 30, 2015, 3:48 PM
- Sephora (OTCPK:LVMHF, OTCPK:LVMUY) will open stores in Iran next year, according to Reuters.
- The local market is the second largest in Middle East for beauty products with sales of over $3.8B last year.
- Some analysts think European luxury products will also see strong demand in Iran.
- Sephora has been a significant revenue growth driver for LVMH in recent years.
Oct. 12, 2015, 1:04 PM
- LVMH (OTCPK:LVMHF, OTCPK:LVMUY) topped revenue estimates with its Q3 report.
- Organic revenue was up 7%, compared to the 5.4% consensus mark of analysts. An acceleration of sales in Japan helped to pull up the total.
- Organic revenue growth by business group: Wines & Spirits +16% (boosted by strong Hennessy cognac volume in China); Fashion & Leather Goods +3%; Perfumes & Cosmetics +7%; Watches & Jewelry +11%; Selective Retailing +5%.
- LVMH's YTD organic growth stands at 6%.
- Full LVMH earnings release