- Luxury goods company LVMH-Moet Hennessy Louis Vuitton LVMHF has announced a plan to repurchase about €1.5 billion of its shares.
- The share buyback is expected to begin on Mar. 1, 2023, and end on or before Jul. 20, 2023.
- LVMH has entrusted an investment services provider with a mandate for the repurchase.
- The repurchased shares are intended to be cancelled.
- The French fashion giant registered a 23% year-on-year revenue growth in FY22 to €79.2 billion.
- At the General Meeting of Apr. 20, 2023, LVMH will propose a dividend of €12 per share.
- Also Read: Luxury Goods Company LVMH CEO Bernard Arnault's Daughter Takes Helm Of Christian Dior
- Price Action: LVMHF shares closed lower by 1.42% at $835 on Tuesday.
- Photo Via Company
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