Business figures: Expectations missed - decline in sales at luxury group LVMH
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LVMH reported a quarterly revenue that fell short of expectations. The company's fashion and leather goods segment, which includes Louis Vuitton and Dior, saw weaker demand. The revenue grew by 1 percent to 18.5 billion euros in the third quarter, compared to a 1.3 percent increase expected by analysts. The fashion and leather business saw a 5 percent decline in organic revenue, while China experienced less dynamic growth, and the US, Europe, and Japan showed good growth.
Written by urgent.news from Handelsblatt's report — not a translation of it. Machine-written — may contain errors; check the original before relying on it.
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