French luxury conglomerate LVMH saw its stock slide by more than 6% following the Tuesday evening reveal of its 2024 annual results.

Luxury goods purveyor LVMH Moët Hennessy-Louis Vuitton's (OTC: LVMUY) stock wasn't feeling like much of a luxury for investors on Tuesday. Following the company's publication of its latest set of quarterly and annual results,

The core fashion and leather goods business—which houses Louis Vuitton and Dior—recorded revenue of €11.14 billion for the quarter, surpassing analysts’ forecasts of €10.915 billion.

RBC Capital raised the firm’s price target on LVMH (LVMUY) to EUR 780 from EUR 700 and keeps an Outperform rating on the shares.Invest with

Reuters, the news and media division of Thomson Reuters, is the world’s largest multimedia news provider, reaching billions of people worldwide every day. Reuters provides business, financial, national and international news to professionals via desktop terminals, the world's media organizations, industry events and directly to consumers.

The results follow a slowdown in demand for the luxury goods sector.

The Tambour is a staple piece in the Louis Vuitton collection, but you've never seen one quite like this. A new movement designed entirely within Le Fabrique du Temps and inspired by the flip boards of old airports uses revolving discs to signify the hour.

PARIS (Reuters) -Fashion designer Kim Jones is leaving luxury group LVMH's Dior Homme brand, the label said on Friday, capping a seven-year tenure in the latest of a series of high profile designer reshuffles as the industry faces its slowest growth in years.

LVMH Moët Hennessy - Louis Vuitton, Societe Europeenne ( OTCPK:LVMHF) Q4 2024 Earnings Conference Call January 28, 2025 12:00 PM ET Bernard Arnault - Chairman and CEO Jean-Jacques Guiony - CFO Stephane Bianchi - Group MD

Goldman Sachs analyst Louise Singlehurst maintained a Buy rating on LVMH Moet Hennessy Louis Vuitton (0HAU – Research Report) today and set a

Barclays analyst Carole Madjo maintained a Buy rating on LVMH Moet Hennessy Louis Vuitton (0HAU – Research Report) today and set a price target