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The retail industry is going through a tumultuous four years of never-before-seen shockwaves. First, the pandemic justified the government to shut down the economy, causing many retailers to go bankrupt.
French media and business conglomerate Lagardere said on Wednesday it is moving closer to a sale of its Paris Match magazine to luxury goods giant LVMH , on an enterprise value price tag of 120 million euros ($130 million).
French Luxury group LVMH is to deepen its partnership with Alibaba to leverage the firm's cloud and artificial intelligence capacities and boost its presence in China, it said on Wednesday.
LVMH experienced its first year-over-year revenue decline since Covid, with currency headwinds offsetting organic growth in Q1-24. The company's revenue slowdown in Q1-24 raises questions about whether it is a long-term issue or just a matter of normalization. The answer to this question will be revealed in Q3-24.
Luxury goods corporation LVMH Moët Hennessy is expanding into real estate, transforming underdeveloped areas into luxury destinations. Investing in high-quality real estate can yield substantial returns. Essex Property Trust, Kimco Realty, and Prologis are three REITs that also strategically redevelop assets in attractive areas to create significant value for shareholders.
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