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

LVMH’s Q4 earnings show mixed results but resilience in key segments. Learn why LVMHF stock is a buy, with strong long-term growth despite margin pressures.

Following Meta’s layoffs earlier this month, Arnault, the head of the luxury goods conglomerate that controls brands like Louis Vuitton, Fendi, and Sephora, likened Meta CEO Mark Zuckerberg’s move to let go of low-performing workers to layoffs at Tiffany’s.

Luxury giant LVMH is "seriously considering" bulking up its production capacities in the United States, CEO Bernard Arnault said on Tuesday, praising a "wind of optimism" in the country that contrasted with the "cold shower" of potentially higher corporate taxes in France.

PARIS (Reuters) - LVMH has made a good start to 2025, CEO Bernard Arnault said on Tuesday, after the luxury conglomerate posted a slight rise in fourth-quarter sales, though analysts cautioned it may still fall short of heightened market expectations after recent share gains.

LVMH chief executive Bernard Arnault has sparked a debate over France's attractivity for business. In post-earnings remarks late on Tuesday, the billionaire said his company - known for its high-end products made in France and Italy - has been "seriously considering" bulking up its production capacities in the United States.

Over two days of schmoozing with executives employed by one of the most powerful groups in the industry, here are the comments that stood out.

Shares in LVMH fell in early Frankfurt trading on Wednesday, as sales growth posted by the luxury goods group failed to impress investors, following a string of strong results from rivals and recent price gains.

"LVMH sees FY24 net profit slide amid economic headwinds " was originally created and published by Retail Insight Network, a GlobalData owned brand.

LVMH Moët Hennessy Louis Vuitton said it was confident heading into 2025 after revenues were broadly flat in the fourth quarter, with its key fashion and leather goods division curtailing its declines.

Louis Vuitton has become an official partner of Formula 1 on the heels of LVMH entering into a 10-year global partnership agreement with the series starting in 2025.