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Business Insider
14 hours ago
- Business Insider
Why LVMH Stock (MC) Is Catching Wall Street's Attention
French luxury products company LVMH Moët Hennessy Louis Vuitton, or LVMH (FR:MC) (LVMUY), is drawing strong support from Wall Street as several analysts maintain their Buy ratings. The recent wave of bullish ratings came despite the company reporting a challenging Q2 for 2025. Year-to-date, MC stock has declined more than 25%, reflecting broader market pressures on the luxury sector. Elevate Your Investing Strategy: Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence. LVMH is a European fashion house known for its iconic luxury brands like Louis Vuitton, Sephora, Fendi, Bulgari, and more. The company is primarily listed on the Euronext Paris exchange but also trades over-the-counter (OTC) in the U.S. LVMH Q2 2025 Results Overview In Q2, LVMH's core fashion and leather goods segment saw a sharp drop in sales, falling 9% year-over-year. The decline was larger than analyst expectations and marked the steepest drop among all of LVMH's business segments. This reflected continued weak demand for luxury products amid rising prices and economic uncertainty. Overall, LVMH's net profit dropped 22% year-over-year in the first half, while operating profit fell 15%. Looking ahead, the company warned that a full recovery will take time as it faces an industry-wide slowdown, with softer demand from Chinese shoppers and ongoing uncertainty among U.S. consumers. Wall Street Analysts Stay Bullish Despite the lackluster results, analysts have maintained their buy ratings on MC stock. Four-star-rated analyst Luca Solca at Bernstein reiterated his Buy rating on MC stock at a price target of €600, implying more than a 30% growth rate. Sola stated that the recent results showed effective cost control despite weak demand. He added that focus will now shift to how the company tackles its challenges and the potential impact on its business in the second half of the year. Likewise, RBC Capital's analyst Piral Dadhania maintained his Buy rating. He noted that while LVMH's recent underperformance presents a 'fairly attractive' risk/reward, it is supported by an expected near-term boost in Fashion & Leather Goods from easier comparisons. Is LVMH Stock a Good Buy? Overall, MC stock has received a Moderate Buy rating on TipRanks, backed by a total of 19 recommendations from analysts. It includes 10 Buys and nine Holds assigned in the last three months. The LVMH share price target is €565.14, which is 20% higher than the current trading level.
Time Business News
17 hours ago
- Time Business News
On Cloud Shoes: The Future of Comfort and Performance for Mexico in 2025
Over the past few years, sportswear shoes have advanced beyond fashion—it is innovation, comfort, and performance now. One of the companies at the forefront of this movement is On Cloud , a Swiss-engineered shoe company that has become an international brand and is rapidly gaining popularity in Mexico. Characterized by their lightweight build, distinctive cushioning, and minimalist design, On Cloud shoes are revolutionizing the way people run, walk, and live. When it comes to lifestyle and sports sneakers, Mexicans have plenty of choices. Still, there's On Tenis Shoes that are unique due to their flagship 'CloudTec®' technology. This technology has cushioned pods that compress when they hit the ground and then rebound for energy restitution, giving each step a feel-good aspect. Unlike conventional sneakers, On Cloud shoes merge sophisticated engineering with chic design, making them ideal not just for athletes but also for working professionals and students who need all-day comfort. Mexico's culture values both fashion and practicality. Whether you're walking through the busy streets of Mexico City, jogging along Monterrey's trails, or enjoying the coastal beauty of Cancún, On Cloud shoes adapt to any lifestyle. Their breathable mesh keeps your feet cool in hot weather, while the durable sole provides stability on both urban and natural terrains. Also, with health and fitness becoming an increasing concern in Mexico, On Tenis Shoes are ideal for those adopting running, gym exercise, or recreational sports. They are also becoming increasingly popular among young working professionals looking for sneakers that can easily go from the workplace to post-work pursuits. Mexican consumers have a reputation for loving fashionable shoes. On Cloud shoes find the perfect blend between fashion and performance. They have a minimalist look that goes well with sporty as well as casual wear, making them a favorite among anyone who looks out for versatility. The trend in 2025 is shifting towards sustainable, high-performance footwear, and On Cloud is leading the way. Lightweight Feel: Ideal for endless days in cities. Breathability: Made for Mexico's hot environment. Performance: Suitable for running, training, and everyday wear. Style: Streamlined European design that matches contemporary street fashion. With their increasing popularity, On Tenis Shoes are now stocked in leading sporting good retail outlets, websites, and select retailers throughout Mexico. A host of brands are also shipping internationally to cater to the increasing demand of Mexican sneakerheads. As we progress into 2025, On Cloud footwear is redefining Mexico's shoe market. They are more than sneakers—they're a fashion statement, a blend of Swiss quality, comfort, and contemporary looks. Mexicans who desire the best possible combination of fashion, innovation, and performance have no doubt that their go-to option is the On Tenis Shoes. TIME BUSINESS NEWS
New York Post
21 hours ago
- New York Post
Billionaire developer threatens quitting construction in wealthy California enclave as zoning war erupts
A war over zoning regulations is pitting neighbor against neighbor in the idyllic coastal enclave of Carmel-by-the-Sea, CA, where a faction of residents is desperately attempting to block a new mixed-use development, despite the village's dire housing shortage. Earlier this month, tensions erupted at a city council meeting in the quaint historic town, after the group opposing the development, known as the JB Pastor project, filed an appeal to block construction on the grounds that the plans lacked adequate parking, among other reasons. Although the local planning commission had unanimously approved the project after six painstaking years of review, and a report from city staff recommended denying the appeal, the council failed to reach a final ruling on the objections, punting the decision until at least next month. The decision left billionaire European developer Patrice Pastor, who named the mixed-use commercial and residential project in honor of his late great-grandfather, in bitter disbelief. 'Following this latest city council meeting it's clear that I need to reconsider my investment in Carmel,' Pastor said in a statement to SFGate. 'It's time to leave this strange community, if you can call it a community.' Pastor, a native of Monaco and heir to a real estate development empire, has been active in Carmel for a decade, acquiring more than $100 million in property across the tiny seaside village that is beloved by Hollywood celebrities. 7 Pastor is a native of Monaco heir to a real estate development empire. Pascal Le Segretain Through his development company Esperanza Carmel, Pastor has acquired, managed, and renovated a number of high-end properties across the village, including the La Rambla building, L'Auberge Carmel Hotel, the Bingham building, and the Carmel Beach Hotel. Pastor's outsized presence in the tiny village of 1 square mile has ruffled more than a few feathers among locals, with some residents fearful that he will disrupt the area's historic charm, or suspicious that his wealth and status give him license to flout strict zoning and preservation rules. But many other residents have welcomed his investments, and believe the town sorely needs the roughly 20 long-term apartment rentals that would be created between the JB Pastor project and another stalled Pastor development, the Ulrika Plaza project. 'There is a brazen shortage of long-term rentals and affordable housing in Carmel,' Erik Bueno, a retired real estate broker and resident of Carmel for more than 30 years, said in a letter supporting the JB Pastor project. 'I believe this project will bring long-term value to the neighborhood and serve as a catalyst for further positive growth.' 7 Pastor's outsized presence in the tiny village of 1 square mile has ruffled more than a few feathers among locals. Genaro Molina Carmel resident Carol Williams, who moved to the village 50 years ago and founded an art gallery there, told that she had always dreamed of helping her daughter purchase a condo nearby. But with prices for those condos now exceeding $3 million, it simply wasn't attainable. 'My daughter's generation of Carmelites are nearly all renting if they desire to remain in Carmel,' she says. 'I founded a gallery and am a self-employed, small business owner. I bought my first Carmel home for $250,000, and no one expected the local real estate market to price out our own children.' listing data shows that in July, the median home in Carmel was priced at more than $2.4 million—more than three times the median price in California and nearly six times the median price nationwide. An additional challenge for longtime Carmel residents is Prop. 19, a California law passed in 2020 that triggers higher property taxes for heirs after the owner of a home dies, by mandating a reassessment at current market value. 7 The median home price in Carmel was over $2.4 million in July. Pascal Le Segretain Williams says that in Carmel, these 'eye popping' new tax bills often force the younger generation to sell inherited homes when their parents die. 'So it is the younger generation of Carmelites, who today are small business owners or successful local artists and working health care professionals, that need rentals like the ones that Pastor was proposing to build for us,' she says. 'I believe there are many people in the local community who would love to remain in Carmel and walk to work, but can't find any suitable long-term rentals.' Initially, Williams was shocked to learn that a group of her neighbors had banded together to file an appeal in a last-ditch attempt to block Pastor's new project, which would add much-needed rental apartments. 'However, admittedly there is a long-standing group of fierce city conservationists who will oppose any changes to Carmel they consider too ambitious and seem very dedicated to keeping the status quo,' she says. 'So I was not really surprised they weighed in, although after all these years their latest delay tactics seem excessive.' 7 New tax bills force young people to sell off their parents homes when they die, according to Williams. Genaro Molina Opponents of the JB Pastor development have raised concerns that it violates local zoning ordinances, while not so subtly implying that cronyism and favoritism toward the wealthy developer Pastor played a role in its approval. 'As city staff you should strive to ensure the proper processes and procedures are employed,' resident Charles Najarian wrote in a letter to the city council urging reconsideration of the project's approval. 'In addition, your role is to represent the best interests of the residents and Carmel, not developers, architects, not special interest groups, and not even the state of California.' That the project was improperly exempted from environment impact review That a connecting balcony between two buildings turned them into a single 'structure' exceeding the maximum square footage allowed in zoning code That the project failed to include the required number of parking spaces In April, attorney Krista Ostoich filed an appeal on behalf of 11 Carmel residents challenging the approval of the JB Pastor project on three main grounds: Parking in particular is a hot-button issue in Carmel, where space is severely limited and out-of-town tourists are abundant. Under local code, the JB Pastor project required 18 parking spaces, including eight for the residential units and 10 for commercial use. But squeezed for space, Pastor had proposed providing 10 spaces using vertical car-stacking equipment, and paying a fee to support centralized public parking to make up the difference. 7 Opponents of the JB Pastor development have raised concerns that it violates local zoning ordinances. Genaro Molina 'Carmel desperately needs parking and I agree that whatever rentals he builds should offer the required number of parking spots,' says Williams, who supports the project. 'I don't know about the rest of the issues, but parking is a longtime hot topic in Carmel and certainly needs rectifying.' At the city council meeting on Aug. 4 to hear the appeal opposing the JB Pastor project, passions flared during public comments as residents spoke out both in favor and against the development. 'These parking [requirements], lack of water, and make-believe historical designations have all worked to assist the small few, who use these same old excuses to stop whatever project they personally don't like,' said resident Donna Jett. 'And what a waste of our time.' Another resident read a letter from a friend who wished to remain anonymous, characterizing the approval of the JB Pastor project as potentially corrupt. 7 Under local code, the JB Pastor project required 18 parking spaces, including eight for the residential units and 10 for commercial use. Genaro Molina 'The very qualities that once made Carmel exceptional are being chipped away, not by neglect, but by decisions that increasingly appear compromised,' the letter said. 'Behind the scenes, it's become common knowledge that money talks—people in influential positions, both elected and appointed, are turning a blind eye, either out of convenience, fear, or worse, personal gain.' The marathon hearing of more than six hours was marked by controversy at the outset, after Mayor Dale Byrne and another council member were forced to recuse themselves over their involvement in a local charity that Pastor had made donations to. The remaining three members of the council failed to reach a decision on the appeal, tentatively scheduling another vote on the matter for next month. For Carmel residents, the new delay, and Pastor's subsequent threat to pull the plug on his projects there entirely, could mean the city loses out on the new residential units he planned to build. 7 At the city council meeting on Aug. 4 to hear the appeal opposing the JB Pastor project, passions flared during public comments as residents spoke out both in favor and against the development. Genaro Molina 'Affordability and availability of homes in Carmel has been a major challenge in recent years,' says senior economist Joel Berner. 'Discouraging development is the opposite of what the residents of this exclusive, luxurious city should be doing to address the affordability issues there.' Berner notes that new construction in Carmel remains extremely limited, with new builds making up just 1.7% of homes for sale there in July, compared with 8.6% in California as a whole. Total for-sale inventory in Carmel remains well below pre-pandemic norms, with 41.5% fewer homes for sale in July 2025 than there were in July 2019. Statewide in California, inventory is down just 16.9% over the same period. Start your day with all you need to know Morning Report delivers the latest news, videos, photos and more. Thanks for signing up! Enter your email address Please provide a valid email address. By clicking above you agree to the Terms of Use and Privacy Policy. Never miss a story. Check out more newsletters 'By strictly enforcing zoning regulations like minimum parking requirements, local governments and residents work against themselves when it comes to developing the housing stock in the ways it needs to be developed in inventory-strapped places like Carmel,' says Berner. Pastor, who rarely speaks to the press, did not respond to request for comment, and has not elaborated on his threat to pull the plug on his projects in Carmel. Mayor Byrne and the attorney for the residents who filed the appeal also did not respond to requests for comment. 'We are not treated the same as everyone else. I suppose we are now at the point where we need to accept we are not wanted and draw the necessary conclusions,' Pastor said in the statement to SFGate, adding 'it's time for us to bring our expertise and motivation to other projects, elsewhere, where we will be better received and in a more professional and serious political environment.' Williams, the art gallery owner, tells that she hopes Pastor will reconsider leaving Carmel and find a way to move forward with his projects there. 'There are high quality, artistic and conscientious developers, and Pastor seems one of them,' she says. 'He genuinely loves Carmel and wanted to make a positive and constructive impact. It would be tragic if a handful of stubborn 'no growth' folks are able to run him out of town.'
