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 ...
North Korea Imports $50 Million in Luxury Goods in Kim Gift Splurge
Imports of watches from China saw a 64 percent year-on-year increase, suggesting North Korea's leader is stepping up rewards ...
EXCLUSIVE: Vestiaire Collective Celebrates 15th Anniversary With Luxury Goods Treasure Hunt
The luxury resale pioneer will release 250 luxury items for just $15, as it moves to take a more active role in helping to ...
There's more to China's luxury spending slump than its struggling economy
Demand for luxury goods is slowing in China, and tough economic conditions aren't only to blame for this.
LVMH Revenue Falls, Sparking Fears Of A Luxury Market Recession
LVMH reported 3Q2024 ended down 3%, with Asia off 16% and Fashion & Leather Goods down 5%. LVMH called it a cyclical downturn ...
Luxury goods unlikely to be next target of China's EU trade retaliation, analysts say
European luxury shares have slid on investor concerns that Hermes handbags and Dior slingbacks may be Beijing's next targets ...
OCCRP2d
Belarussian Businessman Dodges Luxury Goods Embargo on Russia
Belarussian Alexander Zaitsev, nicknamed President Aleksandr Lukashenko’s “money bag,” appears to have shipped luxury goods ...
Delish on MSN3d
What Does Luxury Mean For Gen Z? Fancy Groceries
When people talk about luxury goods, they often mean high-end designer brands and stuff like watches or jewelry. But a new ...
Luxury giant LVMH experiences unprecedented drop in sales
Faced with a depressed luxury goods market, the sector's global leader has published a fall in revenue for the first time ...
Luxury’s last growth engine has stalled
Louis Vuitton’s owner seems surprised at how quickly Chinese consumers have closed their wallets and abandoned its brands. It ...
Financial Post3d
Luxury goods shares fall as China slowdown hits LVMH
The owner of the Louis Vuitton and Dior brands has fallen about 18 per cent so far this year as global demand for luxury goods has softened. Other luxury stocks also lost ground, with Cartier owner ...