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LVMH, China and luxury
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,
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 in recent years.
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.
Luxury goods shares fall as China slowdown hits LVMH
Luxury shares tumbled on Wednesday after industry bellwether LVMH reported a bigger than expected fall in quarterly sales due to weak consumer demand in China. Shares in Paris-listed LVMH, which is controlled by French billionaire Bernard Arnault,
LVMH stock falls on slumping luxury sales in China
LVMH shares, listed on the Euronext Paris stock exchange, fell 4% on Wednesday having lost 19% of their value in the year-to-date. The French conglomerate’s warning comes as an
LVMH Plunges as Chinese Luxury Spending Slowdown Worsens
LVMH shares plunged after sales of fashion and leather goods fell for the first time since the pandemic, revealing the scale of the slump in demand from once insatiable Chinese consumers.
LVMH Drags Down Luxury Stocks. It's All About China.
Shares in LVMH Moët Hennessy Louis Vuitton were sliding on Wednesday after the French luxury goods maker warned that China's faltering economy is weighing on its sales numbers. In an earnings report posted after Tuesday's closing bell,
Louis Vuitton owner LVMH sales slump on weak China demand, shaking luxury sector
Bernard Arnault’s luxury fashion group LVMH on Wednesday led its rivals’ shares downward after it reported disappointing sales on weak China demand. LVMH’s fashion and leather goods unit – including iconic brands like Louis Vuitton and Dior – posted a 5% decline in sales,
4h
on MSN
LVMH's Arnault family, Red Bull in talks to buy majority stake in French club Paris FC
French billionaire and LVMH (OTCPK:LVMHF) chairman Bernard Arnault has partnered with Austrian energy drinks company Red Bull ...
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 ...
2d
LVMH’s Head of Wines and Spirits Set to Leave Luxury Group
The head of LVMH’s wines and spirits division is set to leave as the world’s largest luxury company wrestles with a slump in ...
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 ...
2d
LVMH surprised by 'inaccurate rumours' about replacement of Moet Hennessy division head
French luxury goods group LVMH said it was "surprised by inaccurate rumors" about its Moet Hennessy division relayed on ...
2d
LVMH’s Arnault Family in Talks to Buy Majority Stake in Storied Parisian Soccer Club
Agache, the holding company of LVMH founder and Chief Executive Bernard Arnault’s family, is in exclusive talks to buy a ...
3d
LVMH: Market Weakness Persists, But Price Has Corrected Enough (Rating Upgrade)
With LVMH facing a luxury market slump, the stock is now stabilized. See more on LVMUY stock and the potential impact of ...
4d
on MSN
Louis Vuitton Owner LVMH Posts Sales Drop Amid China Weakness
LVMH posted a year-over-year sales decline in the third quarter, showing the continuing pressure on the luxury sector from ...
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.
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