/biz/ - Business & Finance

>>54647187
they are "relatively" speaking are ATH

Got luxury? LVMUY, HESAY, LRLCY

>Investors piled in for LVMH’s first debt sale in three years, as the luxury goods maker seized on stellar quarterly results as well as calmer conditions in Europe’s credit market.
>Demand for the Paris-based owner of Christian Dior and Louis Vuitton closed above €2.7 billion ($2.95 billion) for €1 billion of new bonds due in 2025, according to a person familiar with the matter, who asked not to be identified because they aren’t authorised to speak publicly. Interest had peaked at €3.6 billion during marketing before the final price was set.
>The bond is LVMH’s first venture into global debt markets since April 2020, when the company sold debt in the wake of the pandemic. That sale came soon after a huge deal in February to support the acquisition of Tiffany & Co.