LVMH sales fall 3% as China demand for luxury goods worsens
5 days ago · The LVMH sales, and a bigger decline at smaller Italian firm Ferragamo, opens new tab, will do ... Reuters, the news and media division of Thomson Reuters, is the world’s largest multimedia news ...
LVMH Group Q3 2024 Earnings: Sales Fall 4.4 Percent as Japan …
5 days ago · The LVMH Group Q3 2024 earnings are in: Sales fell 4.4 percent due to lower growth in Japan as the yen recovered from its recent ... Get all the top news stories and alerts straight to your inbox.
LVMH sales fall 3% as China demand for luxury goods worsens
5 days ago · PARIS (Reuters) -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 ...
Louis Vuitton Owner LVMH Sees Stock Drop on Weak China Sales …
4 days ago · Weak sales in China at LVMH, the owner of Dior, Tiffany and more, sent a shudder through the luxury sector. By Ravi Mattu Reporting from London Shares in LVMH dropped on Wednesday after the luxury ...
LVMH shares down 7% after warning of ‘uncertain’ outlook
5 days ago · LVMH shares dropped 7 per cent on Wednesday, a day after the world’s largest luxury group reported an unexpected fall in third-quarter sales and warned of an “uncertain economic and ...
Good results for LVMH in the first half of the year despite the ...
Jul 23, 2024 · The Wines & Spirits business group saw a revenue decline (-9% organic) in the first half of 2024. Profit from recurring operations was down 26%. Champagne was down, reflecting the ongoing normalization of post-Covid demand, but remained significantly higher than in 2019.
LVMH Plunges as China Luxury Spending Slowdown Worsens
5 days ago · LVMH is down 21% year-to-date. LVMH shares plunged after sales of fashion and leather goods fell for the first time since the pandemic, revealing the scale of the slump in demand from once ...
LVMH sales drop as China demand for costly handbags falls
5 days ago · LVMH’s American depositary receipts dropped as much as 10% in New York after the announcement. Jason Alden/Bloomberg via Getty Images LVMH sales unexpectedly fell at its biggest unit for the ...
LVMH shares jump over 12% as earnings point to luxury sector ... - CNBC
Jan 26, 2024 · LVMH shares jumped more than 12% on Friday morning after the world's largest luxury group posted higher-than-expected sales for 2023 and raised its annual dividend.
LVMH had a rough week. That's a bad sign for the luxury sector.
1 day ago · That's a bad sign for the luxury sector. Madeline Berg. Oct 19, 2024, 9:41 AM PDT. Louis Vuitton owner LVMH reported poor third-quarter earnings this week, with China revenue falling more than ...