LVMH Revenue Falls, Sparking Fears Of A Luxury Market Recession
LVMH reported 3Q2024 ended down 3%, with Asia off 16% and Fashion & Leather Goods down 5%. LVMH called it a cyclical downturn ...
North Korea Imports $50 Million in Luxury Goods in Kim Gift Splurge
Imports of watches from China saw a 64 percent year-on-year increase, suggesting North Korea's leader is stepping up rewards ...
Luxury goods unlikely to be next target of China's EU trade retaliation, analysts say
European luxury shares have slid on investor concerns that Hermes handbags and Dior slingbacks may be Beijing's next targets ...
Luxury giant LVMH experiences unprecedented drop in sales
Faced with a depressed luxury goods market, the sector's global leader has published a fall in revenue for the first time ...
Luxury’s Last Growth Engine Has Stalled
But the main reason for the slowdown is that Chinese shoppers have pulled back. China has been a huge growth story for luxury ...
Islands.com on MSN4d
Can You Really Save Money On Luxury Items By Shopping At Airports?
Airports are famous for having duty-free shops, but can people truly save money on luxury items there? Here's what travelers ...
OCCRP1d
Belarussian Businessman Dodges Luxury Goods Embargo on Russia
Belarussian Alexander Zaitsev, nicknamed President Aleksandr Lukashenko’s “money bag,” appears to have shipped luxury goods ...
The Star20h
Leaders auction luxury goods to raise funds for Neglected Women Diseases
A group of women leaders in the country on Friday organised an auction of luxury goods whose proceeds will go towards ...
Republic Business on MSN9d
Luxury goods unlikely to be next target of China's EU trade retaliation, say analysts
Is there going to be an escalation? I think yes. Is it going to go after luxury goods? I don’t think so," said Patrice ...
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 latest quarter, driven by decreased demand from Chinese consumers.