LVMH-Moet Hennessy Louis Vuitton ADR(LVMUY)- OTCPK - Current
  • 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, 3:33 AM
  • Jul. 9, 2013, 2:57 AM

    LVMH Moet Hennessy Louis Vuitton (LVMHF.PK) has agreed to acquire 80% of Italian cashmere clothier Loro Piana for €2B ($2.57B). The deal will provide LVMH deep knowledge in textiles from sourcing to manufacturing, and help the company expand into the faster-growing very high end of the market - Loro Piana sells cashmere sweaters for $1,385. That could help offset the slowdown at Louis Vuitton, LVMH's biggest brand. (PR)

    | Jul. 9, 2013, 2:57 AM
Company Description
LVMH-Moet Hennessy Louis Vuitton is a diversified luxury goods conglomerate. It produces and sells champagne under the brands Moet & Chandon, Veuve Clicquot, and Ponsardin. LVMH also produces cognac through Hennessy and Hine. The Company makes perfumes, cosmetics, luggage, watches and jewelry,... More
Industry: Apparel Stores
Country: France