LVMH Fashion and Leather Goods Sales Fall 5% in Third Quarter
The French luxury group said sales at its main fashion and leather goods segment fell 5% year on year as Chinese demand remained under pressure, according to Equita SIM analyst Paola Carboni.
LVMH's results show that demand in China remains under pressure, Equita SIM analyst Paola Carboni says. The French luxury group said that third-quarter sales fell 5% on year at its main fashion and leather goods segment, as a slowdown in Chinese demand weighed on the division's performance. "Newsfl…