LVMH sales miss growth forecasts as China luxury demand slows
- China: 381 events in the last 90 days
- Previous: earlier the same day · Chinese drivers stopped buying cars, so China’s automakers shipped them abroad: exports are up 64% while domestic sales fell 27%
What happened
LVMH, the world's leading luxury group, said its sales edged higher in the third quarter despite a slowdown in demand in China hitting its fashion and leather goods segment.
Summary assembled by rule from the sources below