LVMH’s Fall From Grace in China Rattles Luxury Investors
1 day ago · For Arnault, the slump LVMH faces means his personal wealth has also shrunk. As of Tuesday, his fortune stood at about $182 billion, according to the Bloomberg Billionaires Index. He’s the only ...
Louis Vuitton Owner LVMH Sees Stock Drop on Weak China Sales
1 day ago · Oct. 16, 2024, 9:50 a.m. ET. Shares in LVMH dropped on Wednesday after the luxury goods giant warned about an “uncertain economic and geopolitical environment” and its latest earnings ...
LVMH stock falls on slumping luxury sales in China
1 day ago · In a trading update, LVMH posted a 3% drop in its sales in the third quarter of 2024, to €19.1 billion ($20.1 billion), as the multinational warned it is now facing an “uncertain economic and ...
Times Are Getting Tougher for LVMH, the World's Biggest Luxury …
1 day ago · French luxury conglomerate LVMH, the world's largest luxury company, reported a 3% year-on-year decline in sales in its most recent quarter. Sales of wines and spirits were down 7%, while sales of ...
LVMH sales fall 3% as China demand for luxury goods worsens
2 days ago · But says company still believes in the market's future. PARIS, Oct 15 (Reuters) - French luxury giant LVMH (LVMH.PA) reported a 3% fall in third-quarter sales on Tuesday, undershooting estimates ...
Luxury Stocks Slide Amid LVMH Earnings As China Demand …
1 day ago · Luxury stocks slid Wednesday after LVMH's tough earnings report and a warning from Wall Street about the struggle to revive demand among the all-important Chinese consumers. Its shares fell 3.7% ...
Louis Vuitton Owner LVMH Posts Sales Drop Amid China Weakness
1 day ago · LVMH posted a year-over-year sales decline in the third quarter, showing the continuing pressure on the luxury sector from weak Chinese spending. Organic revenue at the company behind the Dior and ...
LVMH sales fall 3% as China demand for luxury goods worsens
2 days ago · UBS has predicted that the third quarter will be the worst for the sector in four years, with a 1% decline in organic sales year-on-year. PARIS (Reuters) -French luxury giant LVMH reported a 3% ...
LVMH Set to Provide Clues on Luxury Industry’s China Struggles
2 days ago · October 15, 2024 at 12:59 AM PDT. Translate. For investors bracing for another gloomy results season from Europe’s luxury-goods industry, there’s potentially one bright spot — China’s ...
LVMH’s Bernard Arnault sees nearly $10 billion in wealth ... - Fortune
1 day ago · Bernard Arnault, the founder and CEO of the luxury powerhouse LVMH, saw his wealth drop by nearly $10 billion in a single day following a swift 7% drop in his company’s share price after it ...