A photo taken on April 23, 2024 shows the scenery of the French luxury group LVMH MOET HENNESSY LUUIS VUITTON SA on Elysee Avenue, a new Louis Vuitton luxury store on Elyse Avenue, which belongs to Paris.
Julien de pink | Agence France -Presse | Getty image
During the wider rehabilitation period of the world’s largest luxury company in the world, LVMH’s stock fell 5 % on Wednesday.
Including owners of brands such as Louis Vuitton, MoëT & Chandon, Hennessy and other brands Revenue 84.68 billion euros (88.27 billion US dollars) in 2024, exceeding the 84.38 billion euros of LSEG analysts, is equivalent to 1 % an organic growth in the previous year.
At 8:24 am in London, the stock fell 5.26 %.
After Cartier owners, investors have been looking for further confirmation of the recovery of the luxury industry Richmont During the holiday shopping period, the number of quarterly sales numbers of “the highest history”. However, the decline in sales of LVMH’s key fashion, leather products, wine and spiritual wine segmentation indicates that the pressure in the group is continuously under pressure.
LVMH attributed its income growth on Tuesday to the stable demand (including retailer Sephora) and perfume and cosmetics in its selective retail sector. In the United States, consumers in Europe and Japan are also widely driven, and the extensive Asia -Pacific region (especially China) lags behind.
French luxury giants are regarded as the leading position of a broader luxury industry. In recent years, due to China’s sales and a wider macroeconomic backwind, it has faced tremendous pressure in recent years.
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