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American pop star Beyonce has acquired full control of the SirDavis whisky brand after French luxury goods group LVMH sold its stake to her, LVMH said on Monday, confirming earlier media reports in specialist trade publications.
LVMH Moët Hennessy - Louis Vuitton, Société Européenne remains a Buy as valuation offers an attractive discount with strong re-rating potential once macro conditions improve. LVMHF delivered solid H1 performance with €8.7B recurring profit, 22.5% margin, and €4.1B FCF, despite macro headwinds and segment-specific pressures. Macro risks, including Middle East conflict and consumer weakness, persist, but LVMHF's financial strength and diversified portfolio support resilience and ongoing dividend payments.
LVMH reported stabilizing results from the first half of 2026. Growth improved further in Q2. The fashion business finally returned to positive organic growth in Q2, signaling stabilization after LVMH's performance in luxury fashion has been weak. Most smaller segments also showed good momentum, led by strength in champagne sales, Tiffany & Co., and Sephora.
LVMH sales for the first semester grew to €38.6 billion with an accelerated growth in the second quarter of 3%. Despite a fragile luxury sector, the group experienced strong growth in various segments, including its watches and jewelry division, selective distribution (which includes specialty retailer Sephora and French department store Le Bon Marché), and fashion and leather goods segment.
LVMH shares swung sharply on Tuesday, rising as much as 2% before reversing course to trade 2.56% lower after the luxury group reported second-quarter sales growth broadly in line with expectations. The results offered an important test of whether the $400-billion luxury sector is decisively emerging from a two-year downturn.
Shares in LVMH were seen falling 2% to 3% in premarket on Tuesday, after the French luxury giant reported overnight second-quarter sales that failed to convince investors about an imminent recovery at its most profitable division.
Tiffany & Co. is proving it's a good investment. LVMH reported a 9% growth in its watches and jewelry division, led by Tiffany and Bulgari.
Investors have long sought greater clarity on who will eventually succeed Arnault, 77, after nearly four decades at the helm of the luxury conglomerate.
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