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LVMH Moet Hennessy Louis Vuitton SE (MOH.BE)
| Previous close | 770.00 |
| Open | 770.00 |
| Bid | 748.70 x 0 |
| Ask | 751.20 x 0 |
| Day's range | 770.00 - 770.00 |
| 52-week range | 647.00 - 885.20 |
| Volume | |
| Avg. volume | 6 |
| Market cap | N/A |
| Beta (5Y monthly) | N/A |
| PE ratio (TTM) | N/A |
| EPS (TTM) | N/A |
| Earnings date | 23 Jul 2024 - 29 Jul 2024 |
| Forward dividend & yield | N/A (N/A) |
| Ex-dividend date | N/A |
| 1y target est | N/A |
ReutersLVMH deepens partnership with Alibaba to boost tech presence in China
(Reuters) -French luxury group LVMH will deepen its partnership with Alibaba to leverage the firm's cloud and artificial intelligence capacities and boost its presence in China, the companies said on Wednesday. The world's biggest luxury group, and the Chinese e-commerce giant first forged a partnership in 2019. The reinforced ties come as luxury companies redouble efforts to cater to shoppers in China, where demand has been dampened by a property crisis and high youth unemployment.
ZacksCROX or LVMUY: Which Is the Better Value Stock Right Now?
CROX vs. LVMUY: Which Stock Is the Better Value Option?
- Yahoo Finance Video
Prestige cosmetics are on the rise: Top beauty trends
The beauty sector continues to grow amid a tumultuous market and weakened consumer spending. Orveon Global CEO Neela Montgomery joins Yahoo Finance to discuss some of the latest beauty trends and new opportunities for growth. "We're seeing a very strong Q1 in the prestige cosmetics space," Montgomery tells Julie Hyman, adding that prestige cosmetics are growing at a much faster rate than the mass beauty market. Despite tightening consumer wallets, she explains that consumers turn to prestige products for consistent quality, which brands should not lose sight of. She also highlights the power and influence social media has on the beauty sector, as one viral makeup video could spark an industry-wide sensation causing product sales to surge. Alongside social media as a powerful tool for the industry, Montgomery points to Amazon as a "force in beauty" that has allowed Orveon's BareMinerals brand to double its sales. Department stores also continue to provide steady growth for beauty brands. For more expert insight and the latest market action, click here to watch this full episode. This post was written by Melanie Riehl
