LVMH Moet Hennessy Louis Vuitton SE (MOH.MU)
- Yahoo Finance Video
LVMH's declining China sales drag down luxury fashion stocks
Shares of luxury goods giant LVMH (MC.PA, LVMUY) fell to their lowest levels in over two years after missing third quarter estimates. The decline was primarily attributed to continued weakness in Chinese consumer spending, a crucial market for luxury brands. The disappointing results from the parent company of Louis Vuitton, Dior, and Tiffany & Co. triggered a broader sell-off across the luxury sector, impacting peers such as Hermès (RMS.PA), Kering (KER.PA), and Richemont (CFR.SW). Catalysts Anchor Seana Smith breaks down the details. To watch more expert insights and analysis on the latest market action, check out more Catalysts here. This post was written by Angel Smith
- Bloomberg
Arnault’s $37 Billion Wealth Loss Comes as Luxury Dims in China
(Bloomberg) -- Eighteen months ago, LVMH shares were trading at a record high and the group’s controlling shareholder, Bernard Arnault, was the world’s wealthiest person.Most Read from BloombergInside the ‘Utopias’ of Mexico CityHow Mexico City Averted All-Out DroughtOne City’s Plan to Re-Link a Neighborhood That Robert Moses DividedDubai’s Allure to Expats Is Weighing on City’s InfrastructureMexico Seeks to Halve Permitting Time to Attract More FactoriesFast forward to Wednesday and a slump in
- GuruFocus.com
Luxury Stocks Plummet Amidst China Economic Concerns
LVMH Sales Drop Triggers European Luxury Index Decline
