By Pierre Bertrand

LVMH Moet Hennessy Louis Vuitton SE said Wednesday that it will buy back a maximum 1.5 billion euros ($1.59 billion) worth of shares through an investment services provider.

The buyback program starts on Wednesday March 1 and is expected to end on or before July 20, the company said.

LVMH said that it intends to cancel the repurchased shares.

Write to Pierre Bertrand at pierre.bertrand@wsj.com

(END) Dow Jones Newswires

March 01, 2023 03:01 ET (08:01 GMT)

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