LVMH earnings were a bloodbath. But its CFO is convinced becoming more affordable isn’t the answer
I think it would be a mistake,” said LVMH CFO Jean-Jacques Guiony during the company’s earnings call this week.
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 ...
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 ...
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 ...
APLF7h
Nine-month fall of 2%, but LVMH remains confident
Nine-month fall of 2%, but LVMH remains confident Luxury group LVMH has reported revenues of €60.75 billion for the first ...
The Cool Down on MSN6d
Luxury fashion brands were left with billions of dollars worth of unsold products last year — here's where the items went
Plus, there's the waste factor. In the past, some luxury brands would reportedly destroy unsold items to protect their image.
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 ...
LVMH Warns That Dipping Demand in China Could Hurt the Luxury Sector
Shares in LVMH fell due to a slowdown in China. The luxury conglomerate saw fashion and leather-goods sales dip for the first ...
It looks like the glory days of luxury are over for LVMH, at least for now
French luxury conglomerate LVMH, the world's largest luxury company, reported a 3% year-on-year decline in sales in its most ...