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Bloomberg on MSN · 18h

LVMH’s Fall From Grace in China Rattles Luxury Investors

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.

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,

Barron's · 19h

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,

ASML Holding, LVMH and Stoxx Europe 600

Bloomberg L.P. · 22h

European Stocks Fall as LVMH Sales Drop Adds to ASML Order Gloom

European stocks fell further on Wednesday, dragged down by an unexpected drop in sales of French luxury behemoth LVMH, which followed a shock outlook from Dutch chip-equipment maker ASML Holding NV.

Reuters on MSN · 19h

European tech, luxury stocks tumble as ASML, LVMH results disappoint

Europe's tech and luxury stocks slumped on Wednesday after disappointing results from industry heavyweights ASML and LVMH, while caution loomed ahead of the European Central Bank's policy decision. The continent-wide STOXX 600 index was down 0.

Tech Stocks Sink in Wake of Disappointing ASML Report

The stock market fell sharply after Wall Street reacted to numbers from ASML Holdings that came out a day earlier than the company was expected to report. The numbers were released on data providers like FactSet and Bloomberg.

13hon 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 ...

10hon 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 ...

12hon MSN

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 ...

14h

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 ...

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 ...

21hon MSN

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 ...

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 ...

3d

LVMH: Still Has Significant Upside, And The Premium Here 'Works'

LVMH has seen a decline in valuation, but offers significant safety, growth potential, and upside with an AA credit rating.

U.S. News & World Report1d

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 ...

10hon 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 ...

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