Louis Vuitton owner LVMH reports surprise sales drop amid China slowdown#guardian #guardianIWN
Shares in LVMH, which also owns Dior, Tiffany and Moët & Chandon, fell by as much as 7%, briefly hitting two-year low
Shares in luxury goods brands slumped after
Louis Vuitton’s LVMH reported an unexpected fall in third-quarter sales amid China’s economic slowdown.
Shares in LVMH, which also owns Dior, Tiffany and Moët & Chandon, fell by as much as 7% in early trading, briefly hitting a two-year low, before regaining slightly, after it warned of an “uncertain economic and geopolitical environment”,with falling sales in Asia.
Continue reading...via
World news | The Guardian (author: Joanna Partridge)