LVMH Reports Slower Sales Growth as Luxury Recovery Stalls
LVMH said sales growth slowed, putting the brakes on a long-awaited recovery in Europe's luxury-goods industry.
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04:52:34 PM UTC
SquawkNews
LVMH would do well to make some of its luxury products more affordable, analysts at Bernstein write in a note. The French luxury-goods giant booked a slowdown in sales growth for the third quarter, led by a fall in sales at the core fashion division. The group should act on its price-mix in order t…