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LVMH, China and Luxury
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 in recent years.
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.
LVMH sales fall 3% as China demand for luxury goods worsens
French luxury giant LVMH reported a 3% fall in third-quarter sales on Tuesday, undershooting estimates in its first decline in quarterly sales since the pandemic as demand in China and Japan weakened,
13h
on MSN
LVMH’s Bernard Arnault sees nearly $10 billion in wealth wiped out after share price bloodbath
Bernard Arnault, the founder and CEO of the luxury powerhouse LVMH, saw his wealth drop by nearly $10 billion in a single day ...
18h
on MSN
It looks like the glory days of luxury are over for LVMH, at least for now
LVMH reported a 3% decline in sales in its most recent quarter.The drop is driven by decreased demand from Chinese consumers, ...
1d
Why LVMH Moët Hennessy Stock Tumbled on Tuesday
Business slumps happen all the time, but what's troubling about this is that the slide in fashion and leather goods was ...
4d
LVMH-Owned Luxury Retailer, DFS Loses CEO At A Difficult Time
Luxury travel retailer DFS Group has appointed well-liked former CEO, Ed Brennan, to the top job during a “reinvention phase” ...
1d
LVMH Set to Pay €800 Million Tax Increase to Ease France’s Debt
LVMH is expecting to pay as much as €800 million ($870 million) in additional taxes next year after France announced plans to ...
10h
on MSN
LVMH executive says it would be a mistake to offer more affordable products. Here’s why he’s right.
Guiony said the company shouldn’t offer “affordable product” because “the offer in luxury has been the key strength over the ...
ジャパンタイムズ
2h
LVMH sales drop as Chinese demand for costly handbags cools
Organic revenue at its key fashion and leather goods unit fell 5% in the third quarter, its worst performance since the ...
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