LVMH Moet Hennessy Louis Vuitton SE Stock Price Volatility
LVMH Moet Hennessy Louis Vuitton SE, a leading luxury goods group, has seen its stock price experience volatility in recent times. The company’s stock price surged following a positive analyst report from Goldman Sachs.
- Analyst Louise Singlehurst added LVMH to the European Conviction Buy List, citing its potential as a top value in the sector.
- The report highlighted LVMH’s strong brand portfolio and growth prospects.
However, the company’s Brandy business is facing a setback due to China’s announcement of high tariffs on EU Brandy imports. This development has put pressure on LVMH’s stock price, which has been declining.
- The tariffs are expected to negatively impact LVMH’s Brandy sales in China.
- The company’s stock price has declined as a result of the tariffs announcement.
Additionally, LVMH has been involved in a corporate push that is weakening the European Union’s efforts to stand up to Donald Trump’s tariff threats.
- The company’s actions have been criticized by EU officials.
- The move is seen as a potential blow to the EU’s negotiating position.
LVMH has also made a significant acquisition, purchasing French media group Bey Médias, which includes the titles L’Opinion and L’Agefi.
- The acquisition is expected to expand LVMH’s media presence in France.
- The company’s media portfolio now includes several prominent titles.