LVMH Q3 sales rise 1% organically to €18.50bn; fashion & leather goods fall 5% on China slowdown

LVMH reported Q3 sales up 1% organically to €18.50 billion, with fashion & leather goods sales down 5% organically to €8.25 billion, hit by slowing demand in China while benefiting from a buoyant US market. The company said the economic and geopolitical environment remains uncertain and it will focus on enhancing brand desirability.

Detected & updated continuously · Source: Nebula