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LVMH sales fall
LVMH Sales Slump in China Rattles Investors in Luxury Shares
Eighteen months ago, LVMH shares were trading at a record high and the group’s controlling shareholder, Bernard Arnault, was the world’s wealthiest person.Fast forward to Wednesday and a slump in Chinese demand for Louis Vuitton bags,
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,
8h
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 ...
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 ...
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 ...
9h
Stocks to Watch Wednesday: ASML, Intel, Abbott, LVMH
Louis Vuitton owner LVMH reported disappointing results and said it faced challenges in most markets. Shares of both the ...
ジャパンタイムズ
45m
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 ...
8h
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 ...
13h
on MSN
Investors develop an allergy to GRANOLAS after ASML, LVMH downturns
Europe’s answer to the Magnificent Seven is leaving much to be desired after two of the Continent’s biggest companies, ASML ...
13h
Heard on the Street: LVMH Slowdown Is Bad Omen for Luxury Industry
The sudden slowdown in Chinese demand reported by Louis Vuitton’s owner is a bad sign for weaker rivals like Kering-owned Gucci. Dig deeper: ...
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China
ASML
Louis Vuitton
Formula 1
luxury stocks
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