LVMH Warns That Dipping Demand in China Could Hurt the Luxury Sector
A large part of the overall decline is thanks to people pulling back in China, a huge market for the luxury sector. “Consumer confidence in mainland China today is back in line with the all-time low reached during Covid,” Jean-Jacques Guiony, the chief financial officer at LVMH, told analysts on Tuesday, according to the Times.
French luxury conglomerate LVMH, the world's largest luxury company, reported a 3% year-on-year decline in sales in its most ...
LVMH posted a year-over-year sales decline in the third quarter, showing the continuing pressure on the luxury sector from ...
For investors bracing for another gloomy results season from Europe’s luxury-goods industry, there’s potentially one bright ...
PARIS, Oct 14 (Reuters) - Investors in French luxury group LVMH (LVMH.PA) are eager for signs that China's new fiscal ...
LVMH Moët Hennessy Louis Vuitton SE, the global luxury giant, saw its shares plunge after reporting a drop in sales of ...
LVMH Moët Hennessy Louis Vuitton SE probably had another difficult quarter, so the jury might still be out on whether the ...
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