Luxury shoppers are slowing, except in the US
Synopsis Luxury giant LVMH saw quarterly sales increase, boosted by strong United States demand. This growth helped offset weaker spending in Europe and the Gulf
Synopsis Luxury giant LVMH saw quarterly sales increase, boosted by strong United States demand. This growth helped offset weaker spending in Europe and the Gulf region. The fashion and leather goods division posted its first quarterly increase in two years. However, overall results may not fully reassure investors about the sector's recovery.
The BriefWire