Luxury brands see impacts of global slowdown

12:16pm, Wednesday, 25'th Oct 2023
CNBC's Robert Frank reports on the future of the luxury consumer.

Christian Dior: Buying LVMH At A Discount

02:40pm, Monday, 23'rd Oct 2023
Dior is a holding company whose main value comes from its equity in LVMH. LVMH possesses a wide moat that is growing since its products are used to differentiate from people who do not possess them. D
Latest results shed some light on waning consumer demand across multiple regions. While inflation is an issue, the luxury resale market could be a bigger threat.
A tumble in LVMH stock this week has reduced the wealth of Bernard Arnault, who controls the luxury giant. Jeff Bezos could soon overtake him.

LVMH sales growth slows amid US, China uncertainty

04:51pm, Wednesday, 11'th Oct 2023
Shares of LVMH (MC.PA) fell to its lowest level of the year as third-quarter sales grew 9% year-over-year, down from 17% in the second-quarter. The luxury consumer market industry took a hit as the U.
LVMH Moet Hennessy Louis Vuitton SE (EPA: MC) printed a year-to-date low this morning after reporting a sequential decline in its quarterly sales.
The state of the aspirational shopper has remained the same since the last quarter, according to LVMH.   As a refresher of the unchanged shopper, in the previous quarter, the luxury conglomerate sai
The luxury behemoth gave limited outlook on China but revealed low single-digit growth in the U.S. and more significant headwinds in Europe.

Is Burberry in trouble following LVMH sales miss?

09:37am, Wednesday, 11'th Oct 2023
Louis Vuitton Moet Hennessy (EPA:MC), the luxury goods conglomerate, missed revenue targets by about 4% in the third quarter as the high-end goods market experienced a slowdown and with shares slippin
Shares of LVMH fell as much as 8% Wednesday after the luxury goods conglomerate said revenue growth in the third quarter was much slower than in the first half of the year.
The world's largest luxury firm, seen as a bellweather for the industry, posted nine-month and third quarter results.
LVMH reported a major slump in growth in its third-quarter results amid weakening demand for luxury goods.
Shares in LVMH Moet Hennessy Louis Vuitton fell on Wednesday after the luxury goods seller posted underwhelming financial results that signaled the end of a post-pandemic boom in demand for Champagne

LVMH loves Birkenstock as IPO kicks off

05:10am, Wednesday, 11'th Oct 2023
LVMH has provided backing for Birkenstock through a private equity firm. The popular sandal maker will make its New York Stock Exchange debut on Wednesday morning at $46 per share.
LVMH, the world's largest luxury group, reported softer sales growth in the third quarter — more evidence the post-pandemic boom in high-end goods is losing steam. Caroline Connan reports on Bloombe
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