LVMH misses expectations in the third quarter as China's weakness persists
Forrás:
Euronews.com
6 hónapja
LVMH reported its worst quarterly performance since 2020, with a 10% drop in ADR shares and a 3% decline in organic sales year-on-year, primarily due to weakened demand in China and Japan. The company faces potential additional corporate taxes and has seen significant revenue declines across various segments. Despite these challenges, LVMH maintains a positive outlook for the future, emphasizing its strategy to enhance brand desirability and leverage its strengths in the luxury market. Teljes cikk (Euronews.com)