LVMH Moet Hennessy Louis Vuitton Stock News

Luxury market leader LVMH just delivered disappointing results for the third quarter with organic growth across the group down 3%. Coming off 2023 when revenues rose 14% to $93.4 billion (€86.2 billion), quarterly revenues have sequentially slowed from 3% growth in first quarter and 1% in the second.

LVMH founder and CEO Beranrd Arnault has seen his net worth take a hit this year as the luxury goods conglomerate's stock suffers amid weakened sales.

Die jüngsten Zahlen von LVMH zeigen, dass der Turnaround in der Luxusgüterbranche etwas mehr Zeit benötigen dürfte, insbesondere in China.

Der französische Luxuskonzern LVHM FR0000121014 und der österreichische Getränkehersteller Red Bull wollen beim Pariser Fußball-Zweitligisten Paris FC einsteigen.

The comments come as the French luxury brand saw a 3% sales decline this quarter.

ASML and LVMH were both tumbling on Wednesday. It's all about China.

It has been an unfortunate day for the European megacaps, with global luxury giant LVMH sliding nearly 5% in response to a wholly underwhelming nine-month trading update. Sales across LVMH's wines and spirits segment fell 11%, while its largest segment, fashion and leather goods, fell 3%.

LVMH reported a 3% decline in sales in its most recent quarter. The drop is driven by decreased demand from Chinese consumers, affecting luxury sales.