LVMH Encounters a Dip in Sales Amidst Economic Challenges

LVMH Moët Hennessy Louis Vuitton reported a decline in third-quarter sales for 2024, with revenues falling 3% to €19.1 billion, underscoring the challenges faced by the luxury sector amid a tough economic climate. The company’s core fashion and leather goods division saw a 5% drop in sales, primarily affected by economic conditions in Japan and subdued consumer confidence in China. Amidst this downturn, LVMH remains focused on enhancing its brand desirability and strengthening its global leadership in the luxury market.

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