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LVMHF / LVMH CEO Bernard Arnault Calls Money Laundering Reports ‘Absurd'

The CEO of luxury conglomerate LVMH reportedly dismissed money laundering allegations against him. The Paris prosecutor's office said it is undertaking a preliminary investigation into financial transactions between Bernard Arnault and Russian oligarch Nikolai Sarkisov, CNBC reported Monday (Oct. 2). Read More

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Posted: Oct 2 2023, 13:29

Author Name: PYMNTS

LVMHF News

By Barrons
October 13, 2023

Musk's Lead Atop World's Rich List Widens as Economic Woes Impact LVMH's Arnault

A tumble in LVMH stock this week has reduced the wealth of Bernard Arnault, who controls the luxury giant. Jeff Bezos could soon overtake him.

By Yahoo Finance
October 11, 2023

LVMH sales growth slows amid US, China uncertainty

Shares of LVMH (MC.PA) fell to its lowest level of the year as third-quarter sales grew 9% year-over-year, down from 17% in the second-quarter. The lu

By Invezz
October 11, 2023

JPMorgan analyst sees upside in LVMH shares despite sales miss

LVMH Moet Hennessy Louis Vuitton SE (EPA: MC) printed a year-to-date low this morning after reporting a sequential decline in its quarterly sales.

By PYMNTS
October 11, 2023

Inflation Keeps Aspirational Shoppers Deflated, LVMH Observes

The state of the aspirational shopper has remained the same since the last quarter, according to LVMH. As a refresher of the unchanged shopper, in

By CNN Business
October 11, 2023

LVMH shares plunge after luxury giant reveals sharp slowdown in sales growth

Shares of LVMH fell as much as 8% Wednesday after the luxury goods conglomerate said revenue growth in the third quarter was much slower than in the f

By CNBC
October 11, 2023

LVMH shares fall to 2023 low as growth slows, pulling luxury sector down

The world's largest luxury firm, seen as a bellweather for the industry, posted nine-month and third quarter results.

By Forbes
October 11, 2023

LVMH Shares Drop On Slower Growth, Wiping $6 Billion From Bernard Arnault's Fortune

LVMH reported a major slump in growth in its third-quarter results amid weakening demand for luxury goods.

By Market Watch
October 11, 2023

LVMH shares slump on sales miss, sending rival luxury-goods makers lower

Shares in LVMH Moet Hennessy Louis Vuitton fell on Wednesday after the luxury goods seller posted underwhelming financial results that signaled the en

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