LVMH Hit by Sluggish Luxury Sales
Market Intelligence Analysis
AI-PoweredLVMH's luxury sales have slowed down, with its fashion unit experiencing a 3% drop in organic sales during the fourth quarter, worse than expected.
Market impact analysis based on bearish sentiment with 90% confidence.
Article Context
Sales at LVMH Moët Hennessy Louis Vuitton SE’s key fashion unit fell over the holiday season as it continued to suffer from sluggish demand. Organic sales at the fashion and leather goods division fell 3% in the fourth quarter, while analysts expected a drop of 2.94%. Bloomberg’s Caroline Connan reports.
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