LVMH Fashion and Leather Goods Sales Fall 5% in Q3
LVMH said fashion and leather goods sales fell 5% in the third quarter, missing analysts’ expectations. The group cited a worsening economic backdrop in China, particularly at the start of the quarter.
LVMH said fashion and leather goods sales declined 5% in the third quarter, falling short of analysts’ expectations. The world’s largest luxury group by sales attributed the result to a deteriorating economic environment in China, particularly early in the quarter.