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 ...
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, ...
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 ...
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 ...
European Stocks Fall as LVMH Sales Drop Adds to ASML Order Gloom
European stocks fell further on Wednesday, dragged down by an unexpected drop in sales of French luxury behemoth LVMH, which ...
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 ...
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 ...
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 ...
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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 ...