LVMH executive says it would be a mistake to offer more affordable products. Here’s why he’s right.
Guiony said the company shouldn’t offer “affordable product” because “the offer in luxury has been the key strength over the ...
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 ...
LVMH’s Bernard Arnault sees nearly $10 billion in wealth wiped out after share-price bloodbath
Bernard Arnault, the founder and CEO of the luxury powerhouse LVMH, saw his wealth drop by nearly $10 billion in a single day ...
Why LVMH Moët Hennessy Stock Tumbled on Tuesday
Business slumps happen all the time, but what's troubling about this is that the slide in fashion and leather goods was ...
LVMH-Owned Luxury Retailer, DFS Loses CEO At A Difficult Time
Luxury travel retailer DFS Group has appointed well-liked former CEO, Ed Brennan, to the top job during a “reinvention phase” ...
LVMH shares hit by weak Q3 sales, dragging down luxury sector
Shares in LVMH fell on Wednesday, dragging down the broader luxury goods sector, after it missed expectations with a 3% drop in third quarter sales, adding to investor concerns about the consumer ...
LVMH Set to Pay €800 Million Tax Increase to Ease France’s Debt
LVMH is expecting to pay as much as €800 million ($870 million) in additional taxes next year after France announced plans to ...
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LVMH Shares Hit by Weak Q3 Sales Weigh on Wider Sector
PARIS (Reuters) - Shares in LVMH fell on Wednesday, dragging down the broader luxury goods sector, after it missed ...
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 most recent quarter.The drop is driven by decreased demand from Chinese consumers, ...