LVMH Sales Slow as Shoppers Cut Back on Pricey Handbags, Spirits

Cooling demand for pricey handbags and expensive spirits squeezed revenue growth at LVMH. The luxury group saw a slowdown in first quarter sales as wealthy consumers, particularly in Asia, reined in spending. Bloomberg's Caroline Connan reports.

Read more: https://www.bloomberg.com/news/articles/2024-04-16/lvmh-sales-growth-sputters-as-demand-for-handbags-takes-a-hit
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THE WORLD OF LVMH. He Bought Louis Vuitton and turned LVMH into an Empire. LVMH growth slows, fueling worries for luxe brands. LVMH Sales Slow as Shoppers Cut Back on Pricey Handbags, Spirits. À nous deux, Paris ! - LVMH unveils “The Rooftops” campaign.