Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON

MarketScreener Homepage  >  Equities  >  Euronext Paris  >  LVMH Mot Hennessy - Louis Vuitton SE    MC   FR0000121014

LVMH MOT HENNESSY - LOUIS VUITTON SE

(MC)
  Report
Delayed Quote. Delayed Euronext Paris - 10/30 12:38:15 pm
402.3 EUR   -0.37%
10/30TAKE FIVE : Election fever
RE
10/30NINTH CIRCUIT : Likelihood Of Confusion Required To Sustain TM Counterfeiting Claim
AQ
10/29GLOBAL MARKETS LIVE: Big names today
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsPress ReleasesOfficial PublicationsSector newsMarketScreener StrategiesAnalyst Recommendations

In Paris, a fashion eco-system on edge as shows disappear

share with twitter share with LinkedIn share with facebook
09/27/2020 | 05:00am EDT
Less runway showsmasm Paris fashion Week embraces digital

(Corrects name in paragraph 7 to Sebastien Vienne not Stephane Vienne)

* Dior and Chanel hosting shows, others going digital

* Models, caterers struggling amid pandemic curbs

* Paris Fashion Week runs from Sept. 28 to Oct. 6

PARIS, Sept 27 (Reuters) - When Swedish fashion brand Acne Studios last hosted a catwalk show in Paris in January, it ordered dozens of vegan-friendly rice bowls from cafe owner and caterer Pearlyn Lee for models and crew to pick on backstage.

Those types of orders have all but dried up since the pandemic forced most luxury labels to cancel parties and presentations.

Even as some of the world's biggest brands return to Paris on Monday, few are planning physical shows, a blow for make-up artists, lighting specialists, caterers and hundreds of other businesses in fashion's eco-system.

"Basically catering is gone for us. And I'm not sure when it's coming back," said Lee, who only last year expanded her kitchen through a crowdfunding campaign.

From Monday, 85 brands will showcase womenswear looks during Paris Fashion Week. Only 19 - among them Chanel and LVMH owned Christian Dior and Louis Vuitton - are pressing ahead with socially distanced front rows.

Others are holding small presentations by appointment, or streaming videos.

Fledgling designers can not afford to hire big venues for tiny audiences or risk a last-minute cancellation, said Sebastien Vienne, from production and press firm Mephistopheles.

None of Mephistopheles' 14 most regular customers are staging full events next week. In a normal year, each event would have cost at least 30,000 to 40,000 euros.

"We used to do four shows a day, our whole budget comes from these events," Vienne told Reuters.

FILM SETS AND PHOTO SHOOTS

Still, he said he was optimistic revenues would pick up again in the longer run, as brands try to reach shoppers virtually.

His company is producing a fashion film, rather than a traditional show with an audience, inside the 19th century Hotel Le Marois for Polish label La Metamorphose.

The palatial venue has also been reinventing itself, upgrading its systems to lure companies wanting to livestream events from its ornate rooms, site manager Valerie Taieb said.

But even small parties are getting complicated as coronavirus cases in France rise and restrictions on gatherings tighten.

"The fashion sector and the events industry have really been forgotten in this crisis," Taieb said. Her team of around 20 have only returned to work part-time, and are still relying on the state's partial unemployment aid.

At the shoot for La Metamorphose at Hotel Le Marois, 25-year-old model Tiffany Fournier said some of her work had dried up too, although she still does magazine and advertising campaigns.

"I haven't done a catwalk show since February," Fournier said.

Some big brands have pushed to hold physical events where possible in part to support suppliers and other businesses. Designers also want to keep up connections with professional buyers and media.

"There's an energy and an excitement, there's music, the first model to appear on the catwalk, applause at the end," said Alexandre Mattiussi, creator of French brand AMI. "That doesn't exist in a digital format."

AMI is planning to hold a show on Oct. 3, with fewer than 150 guests rather than the usual 600 to 700.

"It will be like a very nice wedding," Mattiussi said. ($1 = 0.8598 euros) (Reporting by Sarah White and Michaela Cabrera; Editing by Andrew Heavens)


Stocks mentioned in the article
ChangeLast1st jan.
CHRISTIAN DIOR SE 0.61% 365.4 Real-time Quote.-20.01%
LVMH MOËT HENNESSY - LOUIS VUITTON SE -0.37% 402.3 Real-time Quote.-2.87%
ZR (ZR) - CBE (ELECTRONIC)/C1 0.44% 12.525 End-of-day quote.-4.64%
share with twitter share with LinkedIn share with facebook
All news about LVMH MOT HENNESSY - LOUIS VUITTON SE
10/30TAKE FIVE : Election fever
RE
10/30NINTH CIRCUIT : Likelihood Of Confusion Required To Sustain TM Counterfeiting Cl..
AQ
10/29GLOBAL MARKETS LIVE: Big names today
10/29LVMH : Jefferies reiterates its Buy rating
MD
10/29NEWS HIGHLIGHTS : Top Company News of the Day
DJ
10/29LVMH : UBS remains its Buy rating
MD
10/29LVMH MOËT HENNESSY LOUIS VUITTON : and Tiffany end luxury battle, cut price on $..
RE
10/29NEWS HIGHLIGHTS : Top Company News of the Day
DJ
10/29BERNARD ARNAULT : Tiffany Agrees to New Deal Terms With LVMH -- Update
DJ
10/29LVMH MOËT HENNESSY LOUIS VUITTON : to Buy Tiffany for $131.50 per Share in Cash
DJ
More news
Financials
Sales 2020 45 331 M 52 788 M 52 788 M
Net income 2020 4 271 M 4 974 M 4 974 M
Net Debt 2020 12 932 M 15 060 M 15 060 M
P/E ratio 2020 49,3x
Yield 2020 1,09%
Capitalization 203 B 236 B 236 B
EV / Sales 2020 4,75x
EV / Sales 2021 3,99x
Nbr of Employees 163 309
Free-Float 51,8%
Chart LVMH MOT HENNESSY - LOUIS VUITTON SE
Duration : Period :
LVMH Mot Hennessy - Louis Vuitton SE Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends LVMH MOT HENNESSY - LOUIS VUITTON SE
Short TermMid-TermLong Term
TrendsNeutralBullishNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 26
Average target price 450,70 €
Last Close Price 402,30 €
Spread / Highest target 26,8%
Spread / Average Target 12,0%
Spread / Lowest Target -30,2%
EPS Revisions
Managers
NameTitle
Bernard Arnault Chairman & Chief Executive Officer
Antonio Federico Belloni Group Managing Director & Director
Jean-Jacques Guiony Chief Financial Officer
Delphine Arnault-Gancia Director
Antoine Arnault Director
Sector and Competitors
1st jan.Capitalization (M$)
LVMH MOËT HENNESSY - LOUIS VUITTON SE-2.87%235 988
LULULEMON ATHLETICA INC.37.82%41 608
VF CORPORATION-32.57%26 856
LI NING COMPANY LIMITED71.31%12 753
MONCLER S.P.A.-14.25%10 121
LEVI STRAUSS & CO.-18.20%6 438