LVMH Sales Fall as China Luxury Demand Downturn Continues

LVMH sales fell as shoppers reined in purchases of costly Louis Vuitton bags and Dior jackets, a sign the luxury titan remains stuck in its post-pandemic slump. The luxury conglomerate led by billionaire Bernard Arnault has been suffering from a demand downturn, particularly in China, which for decades had been a driver of growth. Bloomberg’s Angelina Rascouet reports.
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