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LVMH Moet Hennessy sells Stella McCartney stake, reports 17% drop in 2024 profits

LVMH shares drop as profitability for 2024 decreases and company sells back stake in Stella McCartney's fashion label amid luxury demand slump.

Business Insider on MSN · 2d

Diageo denies reports it is considering selling Guinness or its stake in Moët Hennessy

Bloomberg reported on Friday that Diageo was reviewing its portfolio and weighing up spinning off or selling Guinness.

Reuters · 2d

Diageo says it has no intention to sell Guinness or stake in Moet Hennessy

Guinness is an outlier in Diageo's business, which consists mostly of spirits rather than beer, but its performance recently has outshone that of key liquor labels, such as Johnnie Walker whisky.

GlobalData on MSN · 1d

Diageo denies speculation swirling around Guinness, Moët Hennessy

The drinks giant changed tack over the weekend after declining to comment on a report on Friday (24 January) that it was mulling a potential sale of Guinness.

Bloomberg L.P. · 2d

Diageo Doesn’t Intend to Sell Guinness, Moet Hennessy Stake

Diageo Plc said it doesn’t plan to sell the Guinness beer brand or its stake in Moet Hennessy, even as pressure grows on the company to find ways to revive growth.

6hon MSN

Why LVMH Moët Hennessy-Louis Vuitton Stock Flopped Today

Luxury goods purveyor LVMH Moët Hennessy-Louis Vuitton's (OTC: LVMUY) stock wasn't feeling like much of a luxury for ...

19hon MSN

Diageo rules out sale of Guinness brand and stake in Moët Hennessy

Media reports suggested Diageo was considering asset sales to boost growth, cashing in on high demand for Guinness. View on ...

Louis Vuitton Owner’s Sales Beat Forecasts Despite Weak Growth

The core fashion and leather goods business—which houses Louis Vuitton and Dior—recorded revenue of €11.14 billion for the ...

LVMH Moët Hennessy - Louis Vuitton, Societe Europeenne (LVMHF) Q4 2024 Earnings Conference Call Transcript

LVMH Moët Hennessy - Louis Vuitton, Societe Europeenne ( OTCPK:LVMHF) Q4 2024 Earnings Conference Call January 28, 2025 12:00 PM ET Bernard Arnault - Chairman and CEO Jean-Jacques Guiony - CFO ...

LVMH FY24 Profit Down 17%

LVMH Moet Hennessy Louis Vuitton Tuesday reported that its 2024 net profit was 12.550 billion euros, down 17% from 15.174 billion ...

Diageo does not intend to sell Guinness or its stake in Moet Hennessy

Bloomberg News previously reported that the UK drinks company was reviewing its portfolio, with a spin-off or sale of ...

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