LVMH Sales Drop as Chinese Demand for Costly Handbags Cools
LVMH’s sales of fashion and leather goods fell for the first time since the pandemic as the industry’s biggest player was hammered by a slump in demand from Chinese consumers whose appetite for high-end purchases once seemed insatiable.
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LVMH Sales Drop as China Demand for Costly Handbags Falls
LVMH sales unexpectedly fell at its biggest unit for the first time since 2020 as the scale of the pullback in Chinese luxury demand over the past year becomes clearer.
LVMH sales fall 3% as China demand for luxury goods worsens
By Mimosa Spencer and Dominique Patton PARIS (Reuters) -French luxury giant LVMH reported a 3% fall in third-quarter sales, undershooting estimates in its first decline in quarterly sales since the pandemic and offering little reassurance to investors worried about the sector's outlook.
LVMH quarterly sales drop as luxury group warns of ‘uncertain’ outlook
LVMH’s sales fell in the third quarter as the world’s largest luxury group contended with ebbing luxury demand in what it described as an “uncertain economic and geopolitical environment”. Group revenues at the conglomerate controlled by French billionaire Bernard Arnault dropped 3 per cent to €19.
Luxury giant LVMH suffers its first quarterly sales drop since pandemic
The French group, where actress Zendaya is a global ambassador (pictured) - posted a 3% drop in sales for the three months to September.
LVMH third-quarter sales fall 3% as China weighs
French luxury giant LVMH reported a 3% fall in third-quarter sales on Tuesday, as rising prices and economic uncertainty held back shoppers. Revenue for the world's biggest luxury group was 19.08 billion euros ($20.
LVMH Misses Expectations With 4.4% Q3 Revenue Drop as Japan Cools
PARIS - LVMH Moët Hennessy Louis Vuitton, the luxury sector bellwether, missed market expectations with a 4.4 percent drop in revenues in the third quarter due to lower growth in Japan as the yen recovered from its recent weakness.
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