LVMH Moet Hennessy Louis Vuitton Aktie News

The Chinese economy has been in a bit of a rough patch for quite some time now, with numerous Chinese tech titans still stuck in their massive multi-year ruts. Even the U.S. companies that do a significant amount of business in China have been feeling the harsh economic realities.

Luxury brands are all-in with artificial intelligence technology (AI) and the ways it will revolutionize business. While luxury brands by and large dragged their feet in the e-commerce digital revolution, they aren't about to let that happen again with AI.

Because dividend investing has such an impressive track record of beating non-dividend-paying stocks, many investors buy Dividend Aristocrats for their portfolios. It's not a bad strategy to begin with.

Paris, Thursday, April 18th, 2024 At the Annual Shareholders' Meeting of LVMH Moët Hennessy Louis Vuitton held on Thursday, April 18th, 2024, approval was given for the payment of a dividend for financial year 2023 of 13.00 Euros per share. Taking into account the 5.50 Euros paid on Wednesday, December 6th, 2023, the balance of 7.50 Euros will be paid on Thursday, April 25th, 2024.

Two of LVMH Chairman and CEO Bernard Arnault's sons and heirs were named to the board of the luxury goods conglomerate on Thursday, reinforcing the family's hold on the sprawling empire which spans fashion, jewellery and hotels.

Diageo can take little comfort from LVMH's trading update, according to brokers at UBS. "Overall, we think the topline results are a negative read-across for the European Spirits stocks," said the Swiss bank.

Chinese tourists saved the day for Louis Vuitton Moet Hennessy (EPA:MC), analysts said, noting that 10% growth in the quarter was driven by very strong growth in offshore purchases in Japan and Europe. Overall first-quarter sales were weaker than analysts expected at 3%.

Shares in Louis Vuitton Moet Hennessy (LVMH) strutted higher as the European luxury group reported a soft start to 2024, let down by jewellery, spirits and champagne, though not as bad a quarter as many investors had expected.  The shares had fallen 10% since mid-March from above $900 to €781 earlier in the week, but sashayed 5% higher to €819.60 on Wednesday.