LVMH Hit by Sluggish Luxury Sales
Sales at LVMH Moët Hennessy Louis Vuitton SE’s key fashion unit fell over the holiday season as it continued to suffer from sluggish demand. Organic sales at the fashion and...
By Bloomberg Markets · Bloomberg Markets
Sales at LVMH Moët Hennessy Louis Vuitton SE’s key fashion unit fell over the holiday season as it continued to suffer from sluggish demand. Organic sales at the fashion and leather goods division fell 3% in the fourth quarter, while analysts expected a drop of 2.94%. Bloomberg’s Caroline Connan reports.