Louis Vuitton, LVMH
Shares of Louis Vuitton Owner Drop on Anxiety About Chinese Shoppers
Weak sales in China at LVMH, the owner of Dior, Tiffany and more, sent a shudder through the luxury sector. Shares in LVMH dropped on Wednesday after the luxury goods giant warned about an “uncertain economic and geopolitical environment” and its latest earnings disappointed analysts.
Louis Vuitton Owner LVMH Posts Sales Drop Amid China Weakness
KEY TAKEAWAYS LVMH posted a year-over-year sales decline in the third quarter, showing the continuing pressure on the luxury sector from weak Chinese spending.Organic revenue at the company behind the Dior and Louis Vuitton brands fell 3% to 19.
Louis Vuitton owner LVMH sales slump on weak China demand, shaking luxury sector
The world’s largest luxury group saw its shares tumble as much as 7.5% Wednesday morning to a two-year low before ticking back up by the afternoon.
Louis Vuitton Owner LVMH Misses Revenue Expectations
The French luxury empire said the decline in revenue during the quarter was mainly due to lower growth in Japan.
LVMH stock falls on slumping luxury sales in China
LVMH Moët Hennessy Louis Vuitton shares fell sharply on Wednesday after the luxury conglomerate reported a slump in its third-quarter revenue driven by slower sales in China.
LVMH shares hit by weak Q3 sales, dragging down luxury sector
Shares in LVMH fell on Wednesday, dragging down the broader luxury goods sector, after it missed expectations with a 3% drop in third quarter sales, adding to investor concerns about the consumer appetite for luxury goods.
It looks like the glory days of luxury are over for LVMH, at least for now
French luxury conglomerate LVMH, the world's largest luxury company, reported a 3% year-on-year decline in sales in its most ...
Luxury stocks slide as LVMH disappoints and Wall Street eyes few signs of stronger China demand despite stimulus
LVMH's commentary on demand in China was a warning for luxury brands, which have relied on Chinese consumers to drive growth ...
LVMH Shares Fall As Luxury Spending Slowdown Worsens
Driven by a third-quarter sales dip of 16% in the Asia Pacific region, signaling a negative outlook for the wider luxury ...
LVMH-Moet Hennessy Louis Vuitton (OTC:LVMUY) Lifted to “Strong-Buy” at TD Cowen
TD Cowen upgraded shares of LVMH-Moet Hennessy Louis Vuitton (OTC:LVMUY – Free Report) to a strong-buy rating in a report ...
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Louis Vuitton owner clinches 10-year sponsorship deal with Formula 1
French luxury giant LVMH has struck a 10-year sponsorship deal with Formula 1, covering its Louis Vuitton, Moet ...
UBS Reaffirms Their Hold Rating on LVMH Moet Hennessy Louis Vuitton (0HAU)
UBS analyst Zuzanna Pusz maintained a Hold rating on LVMH Moet Hennessy Louis Vuitton (0HAU – Research Report) today and set a price ...