US EditionLVMH Shares Tank by 8% as Luxury Sector Struggles to Recover
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Shares of French luxury group LVMH fell about 7% on Wednesday, January 28, after the announcement of fourth-quarter results.
LVMH Shares Tank by 8% as Luxury Sector Struggles to Recover
Editor’s Note: This story is part of a new series on the convergence of art and luxury. See all of our reporting on the topic here. LVMH’s uneasy quarter has sent another tremor through the luxury world, reinforcing how fragile any talk of recovery remains for an industry still grappling with geopolitical strain, cautious consumers, and compressed margins. Shares in the French conglomerate fell roughly 7 percent on Wednesday after the releas…
LVMH shares plunge more than 8% on doubts about recovery in luxury goods sector LVMH shares fell 8.2% as investors' hopes for a quick recovery in demand for luxury goods were dashed. The market is worried about slow sales in the Chinese market and cautious forecasts from CEO Bernard Arnault.
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