LVMH launches a share buyback program

The French luxury group LVMH announced on Tuesday May 17 that it has given an investment services provider a mandate to buy back its own shares.

 

This acquisition of shares may reach a maximum amount of one billion euros and up to ten million shares.

 

The provider has a buyback period starting today and running until November 15th, 2022.

 

The price of shares purchased under this mandate may not exceed the limit of 1,000 euros per share as set by the LVMH General Meeting of April 21st, 2022″ finally said  the group in a statement.

 

Read also > LVMH ORGANISES A COURT FOR FUTURE GENERATIONS

 

Featured Photo : © LVMH

Tags

The editorial team
The editorial team
Thanks to its extensive knowledge of these sectors, the Luxus + editorial team deciphers for its readers the main economic and technological stakes in fashion, watchmaking, jewelry, gastronomy, perfumes and cosmetics, hotels, and prestigious real estate.

Subscribe to our Newsletter

Sign up now to receive sneak previews of our programs and articles!

Unlimited access to luxury news.

Discovery offer 1€ for 1 month!

Luxus Plus Newsletter