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LVMH Sales at Key Unit Fall as China Woes Hurt Louis Vuitton

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LVMH Sales at Key Unit Fall as China Woes Hurt Louis Vuitton LVMH’s biggest division posted a slump in sales last quarter as its key Louis Vuitton brand suffered from a boycott in China. Organic revenue at the fashion and leather goods unit slid 5% in the third quarter, LVMH Moët Hennessy Louis Vuitton SE said in a statement Monday. Analysts were expecting a drop of 1.57%.

LVMH Sales at Key Unit Fall as China Woes Hurt Louis Vuitton LVMH’s biggest division posted a slump in sales last quarter as its key Louis Vuitton brand suffered from a boycott in China. Organic revenue at the fashion and leather goods unit slid 5% in the third quarter, LVMH Moët Hennessy Louis Vuitton SE said in a statement Monday. Analysts were expecting a drop of 1.57%.
LVMH Sales (ORG) Louis Vuitton LVMH’s (ORG) Louis Vuitton (ORG) China (LOCATION) LVMH Moët Hennessy (ORG) Louis Vuitton SE (PERSON)
Originally published by Bloomberg Markets Read original →