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LVMH sales miss growth forecasts as China luxury demand slows

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.

  • LVMH's revenue hits €18.5 billion, 1.2% YoY growth
  • China luxury demand slowdown causes 5% sales decline
  • Organic sales growth falls short at 1% in Q3

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