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China Slump Hurts LVMH
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.Fast forward to Wednesday and a slump in Chinese demand for Louis Vuitton bags,
Luxury goods shares fall as China slowdown hits LVMH
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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.
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It looks like the glory days of luxury are over for LVMH, at least for now
LVMH reported a 3% decline in sales in its latest quarter, driven by decreased demand from Chinese consumers.
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LVMH Warns That Dipping Demand in China Could Hurt the Luxury Sector
A large part of the overall decline is thanks to people pulling back in China, a huge market for the luxury sector. “Consumer ...
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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 ...
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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 ...
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