Paris, February 7, 2026, 20:36 (CET) — Markets are shut for the day.
- LVMH ended Friday at 536.20 euros, slipping 0.37%. 1
- LVMH listed 497,686,940 shares outstanding and 743,488,567 net voting rights as of Jan. 31, according to the company. 2
- Coming soon: the postponed U.S. jobs data lands Feb. 11, with CPI following on Feb. 13. 3
LVMH Moet Hennessy Louis Vuitton SE closed out Friday at 536.20 euros in Paris, with the stock showing little appetite for a move as the week wrapped up. 4
Markets are closed until Monday, and investors are left wondering if high-end demand is actually stabilizing or just less volatile. For many in Europe, LVMH remains the go-to ticker for betting on that story.
Timing is key here. Luxury stocks have swung around this year. The next session lands right before a packed week for macro news—rate bets could turn in an instant.
LVMH in its latest filing reported 497,686,940 shares outstanding as of Jan. 31. The company listed 744,894,195 gross voting rights and 743,488,567 net voting rights—net removes the shares that aren’t eligible to vote. In France, companies like LVMH break out both “gross” and “net” voting rights, essentially the number of ballots shareholders can cast at meetings. 5
Day-to-day, rates and currencies still set the tone. On Thursday, the European Central Bank kept its rate unchanged at 2%. President Christine Lagarde called inflation “in a good place,” which keeps the market focused on how long the current stance might last. 6
Next week is heavy on macro data, which could easily overshadow company headlines. Trading Economics pointed to the still-pending U.S. January jobs numbers and the January CPI as the main draws. Investors are also eyeing a revised euro zone GDP print, plus inflation figures out of China. 7
LVMH shareholders get an indirect effect, but it’s tangible. When rate expectations cool, the euro can slip, which actually helps European exporters like LVMH by boosting their overseas earnings when converted back into euros. But if inflation lingers, borrowing costs stay elevated—that’s a headwind, potentially crimping what shoppers have left for discretionary buys.
The main headache remains demand, not logistics. Shares in LVMH slid in late January after earnings landed, pulling down Kering, Moncler, and Hermès as well. Barclays analyst Carole Madjo flagged that the sector giant’s reserved outlook “casts a shadow” over luxury. CEO Bernard Arnault called for “prudence,” while finance chief Cécile Cabanis told investors bluntly: “We need growth.” 8
Trading picks up again Monday, and investors want to see if the stock finds its footing after drifting this week. Fresh data drops Feb. 11 with the U.S. jobs report, then U.S. inflation figures arrive Feb. 13.
