Louis Vuitton, LVMH
Shares of Louis Vuitton Owner Drop on Anxiety About Chinese Shoppers
Weak sales in China at LVMH, the owner of Dior, Tiffany and more, sent a shudder through the luxury sector. Shares in LVMH dropped on Wednesday after the luxury goods giant warned about an “uncertain economic and geopolitical environment” and its latest earnings disappointed analysts.
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 weak Chinese spending.
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.
Louis Vuitton Owner LVMH Misses Revenue Expectations
The French luxury empire said the decline in revenue during the quarter was mainly due to lower growth in Japan.
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 second quarter of 2020.
LVMH stock falls on slumping luxury sales in China
LVMH Moët Hennessy Louis Vuitton shares fell sharply on Wednesday after the luxury conglomerate reported a slump in its third-quarter revenue driven by slower sales in China.
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
French luxury conglomerate LVMH, the world's largest luxury company, reported a 3% year-on-year decline in sales in its most ...
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 ...
LVMH Results Cast Cloud on Luxury Stocks
European luxury stocks fell after third-quarter results from industry bellwether LVMH dashed hopes that a sector recovery is ...
UBS Reaffirms Their Hold Rating on LVMH Moet Hennessy Louis Vuitton (0HAU)
UBS analyst Zuzanna Pusz maintained a Hold rating on LVMH Moet Hennessy Louis Vuitton (0HAU – Research Report) today and set a price ...