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LVMH Moët Hennessy - Louis Vuitton, Société Européenne (LVMUY)
- Reuters SG
Deals of the day-Mergers and acquisitions
** Sony Pictures Entertainment and private equity firm Apollo Global Management on Wednesday submitted a $26 billion offer for Paramount Global but have yet to receive a response as of Friday, according to a person familiar with the matter. ** L Catterton, a private equity firm backed by French luxury group LVMH , said on Friday it had succeeded in securing enough shares in luxury shoe maker Tod's to take it private in agreement with the Italian group's main shareholder, the Della Valle family.
- Barrons.com
Luxury Brands Have a New Challenge. Ordinary Rich People Are Pulling Back.
While luxury companies pride themselves on catering to the top 1%, the pullback by the 10% has had repercussions on sales growth.
- Yahoo Finance
Hermès eludes luxury slowdown, could overtake Louis Vuitton as top brand: Analyst
A Citi analyst contends Hermès is set to surpass its biggest competitor in the next few years and become the largest luxury fashion brand.
