LVMH, China
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,
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,
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 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 confidence in mainland China today is back in line with the all-time low reached during Covid,” Jean-Jacques Guiony, the chief financial officer at LVMH, told analysts on Tuesday, according to the Times.
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 and Givenchy owner LVMH crashes to a two-year low amid slowdown in the luxury sector
The French luxury group, led by boss boss Bernard Arnault (pictured), saw shares tumble as much as 7.5% on the Paris stock exchange.
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 ...
Luxury goods shares fall as China slowdown hits LVMH
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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.
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 ...
LVMH investors jittery over anaemic China demand for European designer goods
PARIS, Oct 14 (Reuters) - Investors in French luxury group LVMH (LVMH.PA) are eager for signs that China's new fiscal ...