LVMH stock drops to lowest since 2020 after fashion growth slows
LVMH fell more than 1.8% to $499.2232, its lowest level since 2020, as fashion growth remains weak. The company reported 18.15 billion of first-half revenue for Fashion and Leather Goods.
LVMH (LVMHF), the global luxury powerhouse, fell over 1.8% to $499.2232 Thursday, crashing to its lowest level since 2020.
The market's message is blunt.
One quarter of 1% growth from the fashion engine does not make a comeback.Fashion and Leather Goods delivered 18.15 billion of first-half revenue…