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LVMH Moët Hennessy - Louis Vuitton, Société Européenne (LVMUY)

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117.64-3.21 (-2.66%)
At close: 03:54PM EDT
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  • Financial Times

    Luxury goods leaders bet booming US will offset China hit

    Gildo Zegna and Antoine Arnault insist strong sales elsewhere can help sector withstand Chinese Covid-19 shock

  • Reuters SG

    UPDATE 1-Campari plans new bars to help whet aperitif appetites

    Campari plans to open several flagship bars for its best-selling spirits in Europe and beyond to help tap into a taste for the Italian aperitif culture, its chief executive said. The drinks group last week reported higher sales in the first three months of the year thanks to soaring demand for its Aperol and Campari bitters as bars and restaurants reopened in Europe. Even if the group's drinks sold well for home consumption during the pandemic, serving a well-crafted cocktail remains one of the best ways to win new customers, Campari CEO Bob Kunze-Concewitz said.

  • Reuters

    Former Luxottica CEO Guerra to leave LVMH, keep advisory role

    Andrea Guerra, the former chief executive of Italian eyewear giant Luxottica, is leaving LVMH after leading its hotel business over the past two years, the French luxury goods group said on Thursday. Guerra, who had also taken on oversight of the group's Fendi and Loro Piana Italian fashion brands and LVMH's Thelios Eyewear business, will step down at the end of May and become a senior adviser to the French group. "I am glad he will continue to work with me and the group as an adviser," LVMH CEO and Chairman Bernard Arnault said in a note.