LVMH`s revenue for the nine months fell by 21%

News

LVMH`s revenue for the nine months fell by 21%

20.10.2020 News

Revenue of French LVMH Moet Hennessy – Louis Vuitton for the first three quarters of this year fell by 21% year on year and amounted to 30.348 billion euros, according to the company’s report.

The strongest decline in revenue in this period was recorded in the section “selective retail trade” and “watches and jewelry” – 32% and 31%, respectively. The lowest revenue losses were recorded in the segments “fashion and leather goods” – 12%, and “wine and alcoholic beverages” – 15%.

In the third quarter of this year, the company’s revenue decreased by 7%. The largest losses were also recorded in the segment of “selective retail trade”, 29%, the smallest – in the section “wine and alcoholic beverages” – 3%. At the same time, in the “fashion and leather goods” segment, revenue grew by 12%.

Other articles

  • The EU has approved the merger operation between LVMH and Tiffany
    News

    The EU has approved the merger operation between LVMH and Tiffany

    Antimonopoly regulator of EU approved the agreement of 16.2 billion euro merger with French group for the production of luxury goods LVMH (Louis Vuitton Moet Hennessy) and transnational jewelry company Tiffany. This was reported by Reuters. According to the information, the merger agreement was approved without additional conditions for the companies. Earlier, Tiffany reported that […]

  • Tiffany received the counterclaim from LVMH
    News

    Tiffany received the counterclaim from LVMH

    Holding LVMH Moet Hennessy-Louis Vuitton (LVMH) reported that on Monday, September 28, filed a counterclaim against Tiffany in a Delaware court over a failed merger agreement between the two companies. The French holding and the American jewelry house agreed to merge in November 2019. The parties signed the agreement under which LVMH had to pay […]

  • Tiffany sued LVMH over the delay in the merger deal
    News

    Tiffany sued LVMH over the delay in the merger deal

    The multinational jewelry company Tiffany has filed a lawsuit in the court of the state of Delaware (USA) against the French luxury goods manufacturer LVMH (Louis Vuitton Moet Hennessy) for delaying the latest merger process. This was announced on Wednesday by the press service of the jewelry company. According to press service, LVMH group intentionally […]

  • State of Amazon head Jeff Bezos has reached $ 200 billion
    News

    State of Amazon head Jeff Bezos has reached $ 200 billion

    The position of the richest man in the world, Amazon CEO Jeff Bezos reached $ 199.7 billion, which is a record for a businessman. This was reported on Wednesday by Forbes magazine. The publication noted that during the trading of Amazon shares on Tuesday, the state of Bezos even exceeded the mark of $ 200 […]

  • Diageo accused LVMH of not paying dividends of 181 million euros
    News

    Diageo accused LVMH of not paying dividends of 181 million euros

    The world’s largest producer of alcohol, the British Diageo has initiated arbitration proceedings with the French luxury goods manufacturer LVMH Moet Hennessy – Louis Vuitton SA due to non-payment of dividends in the amount of 181 million euros in 2019. Diageo owns 34% in the joint venture with LVMH for the production of alcoholic beverages […]

Read also

LVMH`s revenue for the nine months fell by 21%
News

In Kiev passed OSAC quarterly meeting dedicated to providing business

December  7, 2015 in Kiev in Radisson Blu Hotel passed a regular consultation meeting Overseas Security Advisory Council (OSAC). OSAC is an advisory body on security of US citizens and businesses abroad. It operates under the auspices of the US State Department. OSAC activities abroad aimed at cooperation in the security business. The composition of […]

Next
LVMH`s revenue for the nine months fell by 21%
News

Gazprom has delivered a record amount of gas to Turkey

In 2021, Russia’s Gazprom supplied 20.3 billion cubic meters of gas to Turkey, which is the maximum figure in less than nine months. This was reported by the company’s press service following a meeting of its chairman Alexei Miller with Turkish Minister of Energy and Natural Resources Fatih Donmez on Monday, September 20. At the […]

Next
LVMH`s revenue for the nine months fell by 21%
News

Budget overfulfilled in three quarters by 46 billion

For the three quarters of 2021, the budget was overfulfilled in terms of revenues by 5.3%, or UAH 46.65 billion, from the plan and exceeds last year’s level by 20.8%. This was reported on the website of the State Treasury. In particular, in September the budget was overfulfilled by 6.4%, or UAH 6.2 billion, and […]

Next
LVMH`s revenue for the nine months fell by 21%
News

Oil giant Royal Dutch Shell PLC is going to fire nearly 3,000 employees worldwide

December, 14 2015, Shell announced that after they finish the merger with the British oil company BG Group PLC, they will fire  2,800 people. The company said in report that their plans are  to reduce the number of employees by 3%. Terminations will start in 2016. Earlier, Shell announced plans to cut the number of […]

Next
LVMH`s revenue for the nine months fell by 21%
News

Lamborghini has set the car sales record

In September 2020, the Italian company Lamborghini sold 738 cars worldwide. This is a new record for the company, according to its website. At the same time, in the third quarter of 2020, 2,083 Lamborghini cars were sold worldwide. In the spring of this year Lamborghini was forced to close all its plants for two […]

Next
LVMH`s revenue for the nine months fell by 21%
News

KWS-Ukraine will build a seed plant in Kamianets-Podilskyi

KWS-Ukraine company begins a construction of a modern complex for seed conditioning in Kamianets-Podilskyi. “Philosophy of the KWS business is “in the region for the region”. That is why it is in principle for us the cultivation of corn seeds in the region of its realization”, – reported in the company. New capacity in the […]

Next
LVMH`s revenue for the nine months fell by 21%
News

The media has learned that American billionaires pay meager taxes

In the United States over the past 15 years, 25 billionaires have paid a much lower income tax than they should have. ProPublica based on confidential data from the US IRS published the investigation. In particular, among the 25 billionaires are Berkshire Hathaway CEO Warren Buffett, former New York Mayor Michael Bloomberg, Amazon founder Jeff […]

Next
LVMH`s revenue for the nine months fell by 21%
News

The Austrian investors to construct the new plant in Ukraine

The leadership of the Ukrainian industrial complex of LLC “Zakhid Agroprodukt” has reported to the mass media about receipt of the perspective offer from the Austrian investors. Foreign entrepreneurs whose names haven’t disclosed yet took the initiative to invest about 2 million euros in the development of the entity in the territory of the Ternopil […]

Next
LVMH`s revenue for the nine months fell by 21%
News

Among the 1 million companies operating in Ukraine only 16% of employees work in IT

Ukrainian monitoring center registration data OpenDataBot has promulgated the final quantitative indicators of the enterprises registered in Ukraine. From these data, it became clear that for the year in Ukraine already exist more than a million active businesses, but despite this, very few of them are operating in the field of intelligent technologies (IT) – […]

Next
LVMH`s revenue for the nine months fell by 21%
News

Facebook has decided to combine Instagram and Messenger

Facebook has begun merging Messenger and Instagram chats into a single correspondence system. The Verge writes about it. Reportedly, till August 14, many users of both iOS and Android devices in the Instagram mobile application began to receive notifications about the possibility of correspondence with friends who use Facebook. After the update, the usual Direct […]

Next
LVMH`s revenue for the nine months fell by 21%
News

The United States has bought oil from Iran for the second time in 30 years

In March this year, the United States imported oil and petroleum products from Iran totaling 1.03 million barrels. This is evidenced by data from the US Department of Energy’s Energy Information Administration (EIA). This delivery was the second since 1991, when the United States stopped importing Iranian oil. According to the EIA, another supply of […]

Next
LVMH`s revenue for the nine months fell by 21%
News

Rating of the best countries for business: what has Ukraine achieved?

For the year Ukraine dropped 13 points lower in the world ranking by business publication Forbes «Best Countries for Business”: from 61 to 74 place. According to the research, which included the analysis of the basic conditions for doing business in different countries of the world, since the beginning of 2016 Ukraine’s index dropped significantly. […]

Next
LVMH`s revenue for the nine months fell by 21%
News

For the first time, Facebook’s capitalization exceeded $ 1 trillion

Shares of the American company Facebook rose 4.18% to $ 355.64 at the end of trading on Monday, June 28, and amounted to 1.008 trillion dollars in total value of the company. The sharp jump in quotations is due to a court decision that rejected the antitrust lawsuit of the US Federal Trade Commission. This […]

Next
LVMH`s revenue for the nine months fell by 21%
News

Zaporizhzhya TPP stopped for the third time since the beginning of the year

On Wednesday, April 28, the only currently operating third power unit stopped at the Zaporizhzhya TPP, DTEK’s press service reports. The shutdown occurred at 11:01 due to the operation of the turbine valve protection. “The reasons for the operation are being clarified. The power unit was disconnected without interruptions in the power supply of its […]

Next
LVMH`s revenue for the nine months fell by 21%
News

The cause of problems with the supply of AstraZeneca vaccines has been revealed

Problems with the supply of the AstraZeneca vaccine to the European Union are partly because the contract plant in the Netherlands has not yet delivered a single dose, the Financial Times reported on March 14. The Leiden plant is one of the main producers of the active substance of the vaccine, along with the plant […]

Next
LVMH`s revenue for the nine months fell by 21%
News

Ukrainian startup Replyapp raised $ 400 thousand of investments

Digital Future and WannaBiz invest in the Ukrainian startup Replyapp $ 400 000. This is stated in the Digital Future report. The founder of the project relied on a smaller sum. But investors felt that they need to invest in the growth of the project amid rising competition in America. The first investor invests $ […]

Next
WP2Social Auto Publish Powered By : XYZScripts.com