:max_bytes(150000):strip_icc()/GettyImages-2207325353-b7d4a28c2674499e8420ebd7047ae02c.jpg?w=1920&resize=1920,1267&ssl=1 "LVMH Surpassed by Hermès as Most Valuable Luxury Brand as Sales Decline")
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key takeaways
- French luxury group LVMH’s shares drowned on Tuesday after reporting a decline in sales of the company.
- The Louis was ahead of the world’s most valuable luxury brand by the Hermes to the original company by Hermes.
- LVMH’s CFO said on Monday that its “aspirational customers” could be affected by the tariff of Trump administration.
The French luxury group LVMH’s shares drowned on Tuesday after reporting a decline in sales of the company, and Louis Vuitton Mata -Pita lost its title as the world’s most valuable luxury brand.
On Tuesday, with a decline of about 8% stock in Europe, while the luxury rival Hermes had 0.2% higher, Hermes crossed LVMH as the world’s most valuable luxury brand by market capitalization.
Harmes has a market cap of about 246.4 billion euros ($ 280 billion), while LVMH’s market cap is now below 244.1 billion euros, according to it, CNBC, Based on calculation using factset data. LVMH shares have lost about a quarter of their value since the beginning of the year, while the shares of Harmes are more than just 1%.
Louis Wuiton, Tiffany and dozens of other high-ended brands said on Monday that its first quarter revenue had declined by about 2% year-on-year.
The CFO says the company continues to face ‘Macro uncertainties’
LVMH CFO Cécile Cabanis said in a call with analysts on Monday that the company continued to face the lack of visibility on macro uncertainty and external factors in the latest quarter “, and suggested that while the company” has not yet seen a major change in the trend “so far” from tariffs.
“(I) T is true that aspiration customers are always more weak in less positive economic cycles and uncertainties, and may have some effects in recent weeks,” the cabanis said according to an alphans transcript.
He said that the current 90-day stops can provide space for interaction to improve tariffs, and that the cost of tariffs in each brand of LVMH would be likely to be handled in a different way.
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