LVMH Moët Hennessy - Louis Vuitton, Société Européenne Logo

LVMH Moët Hennessy - Louis Vuitton, Société Européenne

LVMUY

(3.2)
Stock Price

137,23 USD

18.02% ROA

25.56% ROE

20.82x PER

Market Cap.

332.716.669.789,45 USD

44.07% DER

2.01% Yield

17.61% NPM

LVMH Moët Hennessy - Louis Vuitton, Société Européenne Stock Analysis

LVMH Moët Hennessy - Louis Vuitton, Société Européenne Fundamental Analysis

Fundamental analysis in stock investing is like studying the foundation of a house before buying it. It involves looking at a company's financial health, like its earnings, assets, and debts, to determine if it's a good investment based on its fundamental strength and potential for growth.

LVMH Moët Hennessy - Louis Vuitton, Société Européenne Fundamental Stock Analysis
# Analysis Rating
1 ROE

The stock's ROE exceeds expectations (27.55%), revealing strong profitability and efficient use of shareholders' equity, making it an attractive investment opportunity.

2 ROA

This stock has a great ability to make a lot of money from the things it owns, which makes it a really good investment for smart investors.

3 PBV

With a remarkably low PBV ratio (0x), the stock offers substantial upside potential at a bargain price.

4 Assets Growth

With continuous growth in revenue over the last five years, this company has proven to be a lucrative investment option, showcasing its strong financial performance.

5 Dividend

The company's consistent dividend distribution over the past five years reflects its dedication to providing shareholders with steady returns, making it an appealing choice for investors seeking income stability.

6 DER

The stock maintains a fair debt to equity ratio (64%), indicating a reasonable balance between the money it owes and the ownership it possesses.

7 Revenue Growth

With a track record of continuous revenue growth in the last three years, this company offers a promising investment opportunity

8 Net Profit Growth

This company's net profit has been consistently on the rise over the past three years, indicating a strong financial performance and making it an appealing investment opportunity.

9 Graham Number

The Graham number of this company suggests that its stock price may be overvalued, indicating a less favorable investment opportunity.

10 Dividend Growth

Investors should note the company's stagnant dividend growth over the past three years, indicating limited profitability and potentially diminishing returns.

11 Buffet Intrinsic Value

Based on Warren Buffett's formula, the company's stock seems overpriced (0), indicating a potential drawback for investors as its market price exceeds its estimated intrinsic value.

LVMH Moët Hennessy - Louis Vuitton, Société Européenne Technical Analysis

Technical analysis in stock investing is like reading the patterns on a weather map to predict future weather conditions. It involves studying past stock price movements and trading volumes to make predictions about where a stock's price might go next, without necessarily looking at the company's financial health.

LVMH Moët Hennessy - Louis Vuitton, Société Européenne Technical Stock Analysis
# Analysis Recommendation
1 Awesome Oscillator Buy
2 MACD Buy
3 RSI Hold
4 Stoch RSI Sell

LVMH Moët Hennessy - Louis Vuitton, Société Européenne Price Chart

Financial Statements

Financial statements are like report cards for companies. They show how much money a company makes (income statement), what it owns and owes (balance sheet), and where it spends its money (cash flow statement), helping stock investors understand if a company is healthy and worth investing in.

Income Statements

An income statement for a company is like a scoreboard for its profits and losses. It shows how much money the company made (revenue) and how much it spent to make that money (expenses), helping stock investors see if a company is making a profit or not.

Revenue in stock investing is the total amount of money a company earns from its sales, and it's a key factor that investors consider to assess a company's financial performance and growth potential.

LVMH Moët Hennessy - Louis Vuitton, Société Européenne Revenue
Year Revenue Growth
2001 12.229.000.000
2002 12.693.000.000 3.66%
2003 11.962.000.000 -6.11%
2004 12.623.000.000 5.24%
2005 13.910.000.000 9.25%
2006 15.306.000.000 9.12%
2007 16.481.000.000 7.13%
2008 17.193.000.000 4.14%
2009 17.053.000.000 -0.82%
2010 20.320.000.000 16.08%
2011 23.659.000.000 14.11%
2012 27.970.000.000 15.41%
2013 29.016.000.000 3.6%
2014 30.638.000.000 5.29%
2015 35.664.000.000 14.09%
2016 37.600.000.000 5.15%
2017 42.636.000.000 11.81%
2018 46.826.000.000 8.95%
2019 53.670.000.000 12.75%
2020 44.651.000.000 -20.2%
2021 64.215.000.000 30.47%
2022 79.184.000.000 18.9%
2023 84.480.000.000 6.27%

Research and Development Expenses are the costs a company incurs to create and improve its products or services, which can be important for investors to evaluate a company's innovation and potential for future growth.

LVMH Moët Hennessy - Louis Vuitton, Société Européenne Research and Development Expenses
Year Research and Development Expenses Growth
2001 0
2002 0 0%
2003 0 0%
2004 0 0%
2005 0 0%
2006 0 0%
2007 0 0%
2008 0 0%
2009 0 0%
2010 0 0%
2011 0 0%
2012 69.000.000 100%
2013 71.000.000 2.82%
2014 79.000.000 10.13%
2015 97.000.000 18.56%
2016 111.000.000 12.61%
2017 130.000.000 14.62%
2018 130.000.000 0%
2019 140.000.000 7.14%
2020 139.000.000 -0.72%
2021 147.000.000 5.44%
2022 172.000.000 14.53%
2023 0 0%

General and Administrative Expenses are the costs a company incurs to run its day-to-day operations, such as office rent, salaries, and utilities, which investors consider to understand a company's overall efficiency and management effectiveness.

LVMH Moët Hennessy - Louis Vuitton, Société Européenne General and Administrative Expenses
Year General and Administrative Expenses Growth
2001 1.447.000.000
2002 1.417.000.000 -2.12%
2003 1.208.000.000 -17.3%
2004 1.197.000.000 -0.92%
2005 1.274.000.000 6.04%
2006 1.289.000.000 1.16%
2007 1.388.000.000 7.13%
2008 1.449.000.000 4.21%
2009 1.486.000.000 2.49%
2010 1.717.000.000 13.45%
2011 1.944.000.000 11.68%
2012 2.151.000.000 9.62%
2013 2.212.000.000 2.76%
2014 2.373.000.000 6.78%
2015 2.663.000.000 10.89%
2016 2.931.000.000 9.14%
2017 3.162.000.000 7.31%
2018 3.466.000.000 8.77%
2019 3.864.000.000 10.3%
2020 3.641.000.000 -6.12%
2021 4.414.000.000 17.51%
2022 5.027.000.000 12.19%
2023 5.646.000.000 10.96%

EBITDA stands for Earnings Before Interest, Taxes, Depreciation, and Amortization. It is a measure that helps stock investors analyze a company's profitability by looking at its earnings without considering certain expenses. This helps to get a clearer picture of the company's financial performance and its ability to generate cash flow.

LVMH Moët Hennessy - Louis Vuitton, Société Européenne EBITDA
Year EBITDA Growth
2001 2.482.000.000
2002 2.612.000.000 4.98%
2003 2.765.000.000 5.53%
2004 2.981.000.000 7.25%
2005 3.206.000.000 7.02%
2006 3.646.000.000 12.07%
2007 4.022.000.000 9.35%
2008 4.156.000.000 3.22%
2009 3.832.000.000 -8.46%
2010 5.720.000.000 33.01%
2011 6.062.000.000 5.64%
2012 6.830.000.000 11.24%
2013 7.049.000.000 3.11%
2014 6.901.000.000 -2.14%
2015 8.028.000.000 14.04%
2016 8.466.000.000 5.17%
2017 9.914.000.000 14.61%
2018 11.702.000.000 15.28%
2019 13.909.000.000 15.87%
2020 11.496.000.000 -20.99%
2021 19.905.000.000 42.25%
2022 23.908.000.000 16.74%
2023 25.690.000.000 6.94%

Gross profit is the money a company makes from selling its products or services after subtracting the cost of producing or providing them, and it is an important measure for investors to understand a company's profitability.

LVMH Moët Hennessy - Louis Vuitton, Société Européenne Gross Profit
Year Gross Profit Growth
2001 7.575.000.000
2002 8.130.000.000 6.83%
2003 7.791.000.000 -4.35%
2004 8.130.000.000 4.17%
2005 8.909.000.000 8.74%
2006 9.825.000.000 9.32%
2007 10.695.000.000 8.13%
2008 11.181.000.000 4.35%
2009 10.889.000.000 -2.68%
2010 13.136.000.000 17.11%
2011 15.567.000.000 15.62%
2012 18.107.000.000 14.03%
2013 19.019.000.000 4.8%
2014 19.837.000.000 4.12%
2015 23.111.000.000 14.17%
2016 24.561.000.000 5.9%
2017 27.853.000.000 11.82%
2018 31.201.000.000 10.73%
2019 35.547.000.000 12.23%
2020 28.780.000.000 -23.51%
2021 43.860.000.000 34.38%
2022 54.196.000.000 19.07%
2023 58.634.000.000 7.57%

Net income in stock investing is like the money a company actually gets to keep as profit after paying all its bills, and it's an important measure to understand how well a company is doing financially.

LVMH Moët Hennessy - Louis Vuitton, Société Européenne Net Profit
Year Net Profit Growth
2001 10.000.000
2002 556.000.000 98.2%
2003 723.000.000 23.1%
2004 1.010.000.000 28.42%
2005 1.668.000.000 39.45%
2006 2.160.000.000 22.78%
2007 2.331.000.000 7.34%
2008 2.318.000.000 -0.56%
2009 1.973.000.000 -17.49%
2010 3.319.000.000 40.55%
2011 3.465.000.000 4.21%
2012 3.424.000.000 -1.2%
2013 3.436.000.000 0.35%
2014 5.648.000.000 39.16%
2015 3.573.000.000 -58.07%
2016 3.981.000.000 10.25%
2017 5.129.000.000 22.38%
2018 6.354.000.000 19.28%
2019 7.171.000.000 11.39%
2020 4.702.000.000 -52.51%
2021 12.036.000.000 60.93%
2022 14.084.000.000 14.54%
2023 16.962.000.000 16.97%

EPS, or earnings per share, is a measure that shows how much profit a company has earned for each outstanding share of its stock, and it is important for stock investors as it helps understand the profitability of a company and compare it with other companies in the market.

LVMH Moët Hennessy - Louis Vuitton, Société Européenne Earning per Share (EPS)
Year Earning per Share (EPS) Growth
2001 0
2002 0 0%
2003 0 0%
2004 1 0%
2005 1 0%
2006 1 0%
2007 1 0%
2008 1 0%
2009 1 0%
2010 1 100%
2011 1 0%
2012 7 83.33%
2013 7 0%
2014 11 45.45%
2015 7 -57.14%
2016 8 12.5%
2017 11 20%
2018 13 16.67%
2019 14 14.29%
2020 9 -55.56%
2021 24 60.87%
2022 28 17.86%
2023 7 -366.67%

Cashflow Statements

Cashflow statements show the movement of money in and out of a company, helping stock investors understand how much money a company makes and spends. By examining cashflow statements, investors can assess if a company is generating enough cash to pay its bills, invest in growth, and provide returns to stockholders.

Free cash flow is the leftover cash that a company generates after covering its operating expenses and capital expenditures, which is important for stock investors as it shows how much money a company has available to invest in growth, pay dividends, or reduce debt.

LVMH Moët Hennessy - Louis Vuitton, Société Européenne Free Cashflow
Year Free Cashflow Growth
2001 -410.000.000
2002 1.395.000.000 129.39%
2003 1.264.000.000 -10.36%
2004 1.335.000.000 5.32%
2005 1.287.000.000 -3.73%
2006 1.517.000.000 15.16%
2007 1.468.000.000 -3.34%
2008 1.239.000.000 -18.48%
2009 2.186.000.000 43.32%
2010 3.047.000.000 28.26%
2011 2.158.000.000 -41.2%
2012 2.413.000.000 10.57%
2013 2.988.000.000 19.24%
2014 2.837.000.000 -5.32%
2015 3.660.000.000 22.49%
2016 3.915.000.000 6.51%
2017 4.673.000.000 16.22%
2018 5.900.000.000 20.8%
2019 8.788.000.000 32.86%
2020 8.914.000.000 1.41%
2021 15.973.000.000 44.19%
2022 13.436.000.000 -18.88%
2023 1.593.000.000 -743.44%

Operating cash flow represents the cash generated or consumed by a company's day-to-day operations, excluding external investing or financing activities, and is crucial for stock investors as it shows how much cash a company is generating from its core business operations.

LVMH Moët Hennessy - Louis Vuitton, Société Européenne Operating Cashflow
Year Operating Cashflow Growth
2001 574.000.000
2002 1.954.000.000 70.62%
2003 1.842.000.000 -6.08%
2004 1.963.000.000 6.16%
2005 1.994.000.000 1.55%
2006 2.288.000.000 12.85%
2007 2.458.000.000 6.92%
2008 2.278.000.000 -7.9%
2009 2.934.000.000 22.36%
2010 4.049.000.000 27.54%
2011 3.907.000.000 -3.63%
2012 4.115.000.000 5.05%
2013 4.714.000.000 12.71%
2014 4.607.000.000 -2.32%
2015 5.634.000.000 18.23%
2016 6.176.000.000 8.78%
2017 6.972.000.000 11.42%
2018 8.490.000.000 17.88%
2019 11.648.000.000 27.11%
2020 10.897.000.000 -6.89%
2021 18.648.000.000 41.56%
2022 17.833.000.000 -4.57%
2023 3.375.000.000 -428.39%

Capex, short for capital expenditures, refers to the money a company spends on acquiring or upgrading tangible assets like buildings, equipment, or technology, which is important for stock investors as it indicates how much a company is investing in its infrastructure to support future growth and profitability.

LVMH Moët Hennessy - Louis Vuitton, Société Européenne Capital Expenditure
Year Capital Expenditure Growth
2001 984.000.000
2002 559.000.000 -76.03%
2003 578.000.000 3.29%
2004 628.000.000 7.96%
2005 707.000.000 11.17%
2006 771.000.000 8.3%
2007 990.000.000 22.12%
2008 1.039.000.000 4.72%
2009 748.000.000 -38.9%
2010 1.002.000.000 25.35%
2011 1.749.000.000 42.71%
2012 1.702.000.000 -2.76%
2013 1.726.000.000 1.39%
2014 1.770.000.000 2.49%
2015 1.974.000.000 10.33%
2016 2.261.000.000 12.69%
2017 2.299.000.000 1.65%
2018 2.590.000.000 11.24%
2019 2.860.000.000 9.44%
2020 1.983.000.000 -44.23%
2021 2.675.000.000 25.87%
2022 4.397.000.000 39.16%
2023 1.782.000.000 -146.75%

Balance Sheet

Balance sheets provide a snapshot of a company's financial health and its assets (such as cash, inventory, and property) and liabilities (like debts and obligations) at a specific point in time. For stock investors, balance sheets help assess the company's overall worth and evaluate its ability to meet financial obligations and support future growth.

Equity refers to the ownership interest or stake that shareholders have in a company, representing their claim on its assets and earnings after all debts and liabilities are paid.

LVMH Moët Hennessy - Louis Vuitton, Société Européenne Equity
Year Equity Growth
2001 6.901.000.000
2002 7.070.000.000 2.39%
2003 7.034.000.000 -0.51%
2004 7.478.000.000 5.94%
2005 9.459.000.000 20.94%
2006 10.603.000.000 10.79%
2007 11.590.000.000 8.52%
2008 12.897.000.000 10.13%
2009 13.796.000.000 6.52%
2010 17.198.000.000 19.78%
2011 22.451.000.000 23.4%
2012 25.508.000.000 11.98%
2013 27.907.000.000 8.6%
2014 23.003.000.000 -21.32%
2015 25.799.000.000 10.84%
2016 27.898.000.000 7.52%
2017 30.377.000.000 8.16%
2018 33.957.000.000 10.54%
2019 38.365.000.000 11.49%
2020 38.829.000.000 1.19%
2021 48.909.000.000 20.61%
2022 56.604.000.000 13.59%
2023 59.449.000.000 4.79%

Assets represent the valuable resources that a company owns, such as cash, inventory, property, and equipment, and understanding a company's assets helps investors assess its value and potential for generating future profits.

LVMH Moët Hennessy - Louis Vuitton, Société Européenne Assets
Year Assets Growth
2001 23.832.000.000
2002 21.417.000.000 -11.28%
2003 20.543.000.000 -4.25%
2004 20.497.000.000 -0.22%
2005 28.053.000.000 26.93%
2006 28.785.000.000 2.54%
2007 30.741.000.000 6.36%
2008 31.577.000.000 2.65%
2009 32.106.000.000 1.65%
2010 37.164.000.000 13.61%
2011 47.069.000.000 21.04%
2012 49.850.000.000 5.58%
2013 56.176.000.000 11.26%
2014 53.362.000.000 -5.27%
2015 57.601.000.000 7.36%
2016 59.616.000.000 3.38%
2017 69.755.000.000 14.54%
2018 74.300.000.000 6.12%
2019 96.507.000.000 23.01%
2020 108.671.000.000 11.19%
2021 125.311.000.000 13.28%
2022 134.646.000.000 6.93%
2023 139.375.000.000 3.39%

Liabilities refer to the financial obligations or debts that a company owes to creditors or external parties, and understanding a company's liabilities is important for investors as it helps assess the company's financial risk and ability to meet its obligations.

LVMH Moët Hennessy - Louis Vuitton, Société Européenne Liabilities
Year Liabilities Growth
2001 15.131.000.000
2002 12.575.000.000 -20.33%
2003 11.774.000.000 -6.8%
2004 11.322.000.000 -3.99%
2005 17.569.000.000 35.56%
2006 17.191.000.000 -2.2%
2007 18.213.000.000 5.61%
2008 17.690.000.000 -2.96%
2009 17.321.000.000 -2.13%
2010 18.960.000.000 8.64%
2011 23.557.000.000 19.51%
2012 24.342.000.000 3.22%
2013 28.269.000.000 13.89%
2014 30.359.000.000 6.88%
2015 31.802.000.000 4.54%
2016 31.718.000.000 -0.26%
2017 39.378.000.000 19.45%
2018 40.343.000.000 2.39%
2019 58.142.000.000 30.61%
2020 69.842.000.000 16.75%
2021 76.402.000.000 8.59%
2022 78.042.000.000 2.1%
2023 79.926.000.000 2.36%

LVMH Moët Hennessy - Louis Vuitton, Société Européenne Financial Ratio (TTM)

Valuation Metrics

Revenue per Share
33.81
Net Income per Share
6.4
Price to Earning Ratio
20.82x
Price To Sales Ratio
3.93x
POCF Ratio
19.27
PFCF Ratio
29.61
Price to Book Ratio
5.78
EV to Sales
3.96
EV Over EBITDA
13.22
EV to Operating CashFlow
19.38
EV to FreeCashFlow
29.87
Earnings Yield
0.05
FreeCashFlow Yield
0.03
Market Cap
332,72 Bil.
Enterprise Value
335,67 Bil.
Graham Number
57.61
Graham NetNet
-22

Income Statement Metrics

Net Income per Share
6.4
Income Quality
1.08
ROE
0.28
Return On Assets
0.11
Return On Capital Employed
0.21
Net Income per EBT
0.7
EBT Per Ebit
0.95
Ebit per Revenue
0.26
Effective Tax Rate
0.26

Margins

Sales, General, & Administrative to Revenue
0.06
Research & Developement to Revenue
0
Stock Based Compensation to Revenue
0
Gross Profit Margin
0.69
Operating Profit Margin
0.26
Pretax Profit Margin
0.25
Net Profit Margin
0.18

Dividends

Dividend Yield
0.02
Dividend Yield %
2.01
Payout Ratio
0.37
Dividend Per Share
2.68

Operating Metrics

Operating Cashflow per Share
6.91
Free CashFlow per Share
4.49
Capex to Operating CashFlow
-0.35
Capex to Revenue
-0.07
Capex to Depreciation
-1
Return on Invested Capital
0.17
Return on Tangible Assets
0.18
Days Sales Outstanding
17.98
Days Payables Outstanding
113.3
Days of Inventory on Hand
311.89
Receivables Turnover
20.3
Payables Turnover
3.22
Inventory Turnover
1.17
Capex per Share
-2.43

Balance Sheet

Cash per Share
4,14
Book Value per Share
23,04
Tangible Book Value per Share
3.6
Shareholders Equity per Share
23.04
Interest Debt per Share
10.15
Debt to Equity
0.44
Debt to Assets
0.18
Net Debt to EBITDA
0.12
Current Ratio
1.22
Tangible Asset Value
9,03 Bil.
Net Current Asset Value
-37,92 Bil.
Invested Capital
0.44
Working Capital
7,71 Bil.
Intangibles to Total Assets
0.36
Average Receivables
4,17 Bil.
Average Payables
8,22 Bil.
Average Inventory
22638000000
Debt to Market Cap
0.08

Dividends

Dividends in stock investing are like rewards that companies give to their shareholders. They are a portion of the company's profits distributed to investors, typically in the form of cash payments, as a way for them to share in the company's success.

LVMH Moët Hennessy - Louis Vuitton, Société Européenne Dividends
Year Dividends Growth
2007 0
2008 0 0%
2009 0 0%
2010 1 0%
2011 1 0%
2012 1 0%
2013 1 0%
2014 1 0%
2015 4 100%
2016 1 0%
2017 1 0%
2018 1 100%
2019 1 0%
2020 2 50%
2021 2 -100%
2022 3 50%
2023 1 -100%

LVMH Moët Hennessy - Louis Vuitton, Société Européenne Profile

About LVMH Moët Hennessy - Louis Vuitton, Société Européenne

LVMH Moët Hennessy - Louis Vuitton, Société Européenne operates as a luxury goods company worldwide. The company offers champagnes, wines, and spirits under the Clos des Lambrays, Château d'Yquem, Dom Pérignon, Ruinart, Moët & Chandon, Hennessy, Veuve Clicquot, Ardbeg, Château Cheval Blanc, Glenmorangie, Krug, Mercier, Chandon, Cape Mentelle, Newton Vineyard, Cloudy Bay, Belvedere, Terrazas de los Andes, Bodega Numanthia, Cheval des Andes, Woodinville, Ao Yun, Clos19, and Volcan de mi Tierra brands. It also provides fashion and leather products under the Berluti, Celine, Christian Dior, Emilio Pucci, FENDI, Givenchy, Kenzo, Loewe, Loro Piana, Louis Vuitton, Marc Jacobs, Moynat, Patou, and RIMOWA brands. In addition, the company offers perfumes and cosmetics under the Acqua di Parma, Benefit Cosmetics, Cha Ling, Fenty Beauty by Rihanna, Fresh, Givenchy Parfums, Guerlain, KVD Beauty, Kenzo Parfums, Maison Francis Kurkdjian, Make Up For Ever, Marc Jacobs Beauty, Officine Universelle Buly, Parfums Christian Dior, and Perfumes Loewe brands; watches and jewelry under the Bulgari, Chaumet, Fred, Hublot, Repossi, TAG Heuer, Tiffany & Co., and Zenith brands; and custom-designed yachts under the Feadship brand name, as well as designs and builds luxury yachts under the Royal Van Lent brand. Further, it provides daily newspapers under the Les Échos brand; Belmond, a luxury tourism service; home other activities under the Belmond, Cheval Blanc, Connaissance des Arts, Cova, Investir, Jardin d'Acclimatation, La Samaritaine, Le Parisien, and Radio Classique brands; and selective retailing products under the DFS, La Grande Epicerie de Paris, Le Bon Marché Rive Gauche, Sephora, and Starboard Cruise Services brands, as well as operates Jardin d'Acclimatation, a leisure and amusement park. The company operates 5,556 stores. LVMH Moët Hennessy - Louis Vuitton, Société Européenne was incorporated in 1923 and is headquartered in Paris, France.

CEO
Mr. Bernard Arnault
Employee
192.287
Address
22, Avenue Montaigne
Paris, 75008

LVMH Moët Hennessy - Louis Vuitton, Société Européenne Executives & BODs

LVMH Moët Hennessy - Louis Vuitton, Société Européenne Executives & BODs
# Name Age
1 Mr. Antoine Arnault
Group Chief Image & Environment Officer and Director
70
2 Mr. Jean-Baptiste Voisin
Chief Strategy Officer
70
3 Mr. Yann Bouillonnec
Vice President of Sales
70
4 Ms. Chantal Gaemperle
Group Executive Vice President of Human Resources & Synergies
70
5 Bernard Kuhn
General Counsel
70
6 Mr. Nicolas Bazire
Senior Vice President of Development & Acquisitions and Director
70
7 Mr. Jean-Jacques Guiony
Chief Financial Officer
70
8 Mr. Christopher de Lapuente
Chairman & Chief Executive Officer of Selective Retailing Division
70
9 Mr. Bernard Arnault
Chairman & Chief Executive Officer
70
10 Mr. Antonio Belloni
Group MD & Director
70

LVMH Moët Hennessy - Louis Vuitton, Société Européenne Competitors