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LVMH, China
Bernard Arnault’s LVMH Sees Sales Drop In China. Should It Be Worried?
Given LVMH’s status as an industry bellwether, its drop in sales is notable But are China’s ongoing economic headwinds to blame or shifting consumer habits?
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,
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.
1d
on MSN
LVMH had a rough week. That's a bad sign for the luxury sector.
The Dior and Louis Vuitton owner reported disappointing earnings. As LVMH is a bellwether for the luxury industry, it bodes ...
1d
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 ...
3d
on MSN
LVMH executive says it would be a mistake to offer more affordable products. Here’s why he’s right.
While speaking during the company’s third-quarter earnings call, Guiony was asked if the recent 3% year-over-year sales ...
4d
on MSN
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 ...
2d
on MSN
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.
4d
on MSN
Luxury stocks slide as LVMH disappoints and Wall Street eyes few signs of stronger China demand despite stimulus
LVMH's commentary on demand in China was a warning for luxury brands, which have relied on Chinese consumers to drive growth ...
The Cool Down on MSN
6d
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.
2d
LVMH ‘to replace Moët Hennessy CEO’
Boillot, who has been CEO of the Hennessy Cognac brand since 2019, would take over the leadership of Moët Hennessy from ...
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