At the LVMH AG, Bernard Arnault reassures small shareholders and offers a potential extension up to 85 years – Liberation
Too expensive costumes and watches are out. The elderly ladies of the 16th arrondissement too. But to certainly recognize the shareholders of LVMH, gathered this Thursday, April 17 in general assembly in Paris, you could also follow the bottles of Champagne Moët and Chandon. « A little gift » From the Grand Sachem Bernard Arnault to all the action carriers who had made the trip to listen to him to perish in the carousel of the Louvre about the « Very solid performance » last year. And that even if the CEO of the first luxury group in the world (Louis Vuitton, Dior, Givenchy…) admits it without detour: « The geopolitical (and economical) context is very disturbed. » Which disrupts LVMH affairs in more ways than one and earned him a start to 2025 « A little heckled », After Decrease 2024 results.
On Tuesday, LVMH had indeed announced sales down 2 % in the first quarter, surrounded by a slowdown in China and uncertainty from its first market (a quarter of the turnover), the United States, due to customs duties. The title had then plunged on the stock market, losing almost 8 %, which had symbolically allowed Hermès, its greatest rival in the sector, to dethrone it in
