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LVMH Moet Hennessy L.V. (LVMUY)

Stock (Fashion Industry Industry, Luxury Industry)

LVMH sales fall out of concern over weak demand in China LVMH's share prices decreased in markets worldwide as investors began to doubt demand for its products in China. LVMH Wins Case Against eBay LVMH won its lawsuit against eBay for the sale of counterfeit LVMH products through eBay. The victory signals a substantial crack down on the black market for knockoff luxury goods that hurts LVMH's sales and brand image. LVMH Announces Acquisition of Princess Yachts LVMH is set to acquire the Plymouth based luxury yacht maker for a purchase price of $390 billion. Additionally, current management of Princess Yachts is expected to remain the same Reduced Expectations of LVMH Share Price Analysts from Credit Suisse, JP Morgan, and Deutsche Bank reduced expectations for LVMH stock price amid global economic turmoil and downward pressure on profits due to adverse currency exchange rates.

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