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LVMH, China and Luxury
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.
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.
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,
4h
on MSN
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 ...
7h
on MSN
LVMH’s Bernard Arnault sees nearly $10 billion in wealth wiped out after share price bloodbath
Bernard Arnault, the founder and CEO of the luxury powerhouse LVMH, saw his wealth drop by nearly $10 billion in a single day ...
12h
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 ...
1d
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 ...
U.S. News & World Report
19h
LVMH Shares Hit by Weak Q3 Sales Weigh on Wider Sector
PARIS (Reuters) - Shares in
LVMH
fell on Wednesday, dragging down the broader luxury goods sector, after it missed ...
1d
LVMH Set to Pay €800 Million Tax Increase to Ease France’s Debt
LVMH is expecting to pay as much as €800 million ($870 million) in additional taxes next year after France announced plans to ...
9h
on MSN
Investors develop an allergy to GRANOLAS after ASML, LVMH downturns
Europe’s answer to the Magnificent Seven is leaving much to be desired after two of the Continent’s biggest companies, ASML ...
9h
Heard on the Street: LVMH Slowdown Is Bad Omen for Luxury Industry
The sudden slowdown in Chinese demand reported by Louis Vuitton’s owner is a bad sign for weaker rivals like Kering-owned Gucci. Dig deeper: ...
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China
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