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LVMH Sales Slip Shows Impact of China Weakness, Frugal Consumer

LVMH’s second-quarter results, with tepid sales disappointing investors, showed that the pullback by consumers on high-end items and cooling Chinese spending is affecting even the world’s largest luxury firm.

By: Investopedia

Aug 15 2024
2
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LVMH Sales Slip Shows Impact of China Weakness, Frugal Consumer

LVMHs second-quarter results, with tepid sales disappointing investors, showed that the pullback by consumers on high-end items and cooling Chinese spending is affecting even the worlds large… [+1798 chars]

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How China's Navy Scammed Its Way Into a Fleet of Aircraft Carriers