Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 
OFFON

4-Traders Homepage  >  Equities  >  Euronext Paris  >  LVMH Moët Hennessy Vuitton SE    MC   FR0000121014

LVMH MOËT HENNESSY VUITTON SE (MC)
Mes dernières consult.
Most popular
  Report  
SummaryQuotesChartsNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsofficial PublicationsSector newsTweets

Tiffany appoints former Bulgari exec Alessandro Bogliolo as CEO

share with twitter share with LinkedIn share with facebook
share via e-mail
0
07/13/2017 | 06:54pm CEST
A woman walks past a Tiffany shop in Singapore

(Reuters) - Tiffany & Co (>> Tiffany & Co.) named a former Bulgari SpA executive to its top job, the second time the iconic New York jewelry retailer has tapped the Italian luxury house for senior hires this year.

(Reuters) - Tiffany & Co (>> Tiffany & Co.) named a former Bulgari SpA executive to its top job, the second time the iconic New York jewelry retailer has tapped the Italian luxury house for senior hires this year.

Tiffany, which has been struggling to turn around sales amid faltering demand for its high-end jewelry, named Alessandro Bogliolo chief executive, months after it added ex-Bulgari CEO Francesco Trapani to its board.

A veteran luxury industry executive who has spent 16 years at Bulgari - now owned by French multinational LVMH (>> LVMH Moët Hennessy Vuitton SE) - Bogliolo most recently served as the chief executive of apparel and accessories company Diesel SpA.

At Diesel, Bogliolo led a turnaround strategy aimed at reclaiming the company's luxury image, by scaling back sales to wholesale customers and improving customer service.

He succeeds Frederic Cumenal, who stepped down in February after nearly two years with Tiffany, during which its sales declined and its stock dropped 9 percent.

After Cumenal's exit, hedge fund Jana Partners revealed a stake in Tiffany and struck a surprise deal to add three directors to its board, including Trapani, who was also named to the company's CEO search committee.

"We believe the new leadership will be key in accelerating the pace of product newness and innovation, as well as efforts to improve the in-store experience and drive stronger conversion amidst a challenged traffic backdrop," Jefferies & Co analyst Randal Konik said in a note.

Tiffany's shares were up 2 percent at $94.26 on Thursday.

Bogliolo's resume also includes stints as COO of beauty products chain Sephora and as an executive at consulting firm Bain & Co. Sephora is also owned by LVMH.

He is expected to take over as Tiffany's CEO and join the board by Oct. 2.

Bogliolo's appointment comes at a time Tiffany is struggling to attract young shoppers who are either spending less on accessories or are turning to chic brands such as Pandora A/S and Alex and Ani.

Tiffany has responded by launching gold and silver fashion jewelry to lure millennials to its stores.

In January, the company hired former Coach Inc (>> Coach Inc) creative director Reed Krakoff as its first chief artistic officer and named pop star Lady Gaga as the face of its fashion jewelry collection, Tiffany Hardware.

Still, Tiffany reported a surprise drop in first-quarter comparable sales in May, underscoring its struggles with weak demand at home and a strong dollar that has crimped spending by tourists.

(Reporting by Siddharth Cavale in Bengaluru; Additional reporting by Gayathree Ganesan; Editing by Sayantani Ghosh and Saumyadeb Chakrabarty)

By Siddharth Cavale

Stocks treated in this article : LVMH Moët Hennessy Vuitton SE, Coach Inc, Tiffany & Co.
Stocks mentioned in the article
ChangeLast1st jan.
COACH INC -0.66% 40.68 End-of-day quote.16.16%
TIFFANY & CO. 23.29% 126.05 Delayed Quote.0.22%
share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on LVMH MOËT HENNESSY VUITTON
11:08aVuitton owner LVMH makes e-commerce push with Lyst investment
RE
05/23MAY 23, 2018 LVMH AT VIVATECH : Championing innovation at Viva Technology 2018
PU
05/23LVMH MOËT HENNESSY VUITTON : Carven Files for Chapter 11 Bankruptcy, Seeks Buyer
AQ
05/23LVMH MOËT HENNESSY VUITTON : Louis Vuitton designer Ghesquiere signs new contrac..
RE
05/22KERING : Men and millennials propel sales boom at Kering's Balenciaga
RE
05/22LVMH MOËT HENNESSY VUITTON : May 22, 2018 Givenchy and the wedding gown of Ms. M..
PU
05/22MAY 22, 2018 VIVA TECHNOLOGY 2018 : spotlight on innovations from LVMH Maisons
PU
05/22LVMH MOËT HENNESSY VUITTON : strengthens support for innovation at Viva Technolo..
PU
05/21LVMH MOËT HENNESSY VUITTON : In royal blue ... and white
AQ
05/21MUST READ : Clare Waight Keller on Designing Meghan Markle's Royal Wedding Dress..
AQ
More news
News from SeekingAlpha
05/19High marks for royal wedding dress 
05/13THE NEST EGG PORTFOLIO : Bpost Is Now Yielding Almost 8%. Value Or Value Trap? 
05/04LVMH : A Cash Machine, But Not As Cheap As It Used To Be 
04/27Tracking Ken Fisher's Fisher Asset Management Portfolio - Q1 2018 Update 
04/13Louis Vuitton (LVMUY) Investor Presentation - Slideshow 
Financials (€)
Sales 2018 45 952 M
EBIT 2018 9 266 M
Net income 2018 5 767 M
Debt 2018 5 054 M
Yield 2018 1,85%
P/E ratio 2018 26,54
P/E ratio 2019 24,27
EV / Sales 2018 3,45x
EV / Sales 2019 3,18x
Capitalization 154 B
Chart LVMH MOËT HENNESSY VUITTON
Duration : Period :
LVMH Moët Hennessy Vuitton Technical Analysis Chart | MC | FR0000121014 | 4-Traders
Technical analysis trends LVMH MOËT HENNESSY VUITTON
Short TermMid-TermLong Term
TrendsBullishBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 31
Average target price 292 €
Spread / Average Target -4,0%
EPS Revisions
Managers
NameTitle
Bernard Arnault Chairman & Chief Executive Officer
Antonio 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 VUITTON SE25.92%179 833
VF CORPORATION9.84%32 062
THE SWATCH GROUP24.64%26 226
HENNES & MAURITZ-13.85%24 212
LULULEMON ATHLETICA INC.32.00%14 283
PVH CORPORATION12.69%12 178