​Louis Vuitton Owner LVMH Sinks As Luxury Demand Cools For Handbags, Wine, & Watches – Tyler Durden

Louis Vuitton Owner LVMH Sinks As Luxury Demand Cools For Handbags, Wine, & Watches The world’s largest luxury goods company reported third-quarter organic sales that missed the average analyst expectations tracked by Bloomberg. This signals a broader slowdown across luxury markets in China and the West. The results raise concerns about cost-conscious consumers as central banks reverse interest rate hiking cycles with interest rate cuts to prevent a hard economic landing in the global economy. Paris-based LVMH Moët Hennessy Louis Vuitton, commonly known as LVMH, unexpectedly reported lower sales in the third quarter, primarily due to the pullback in Chinese luxury demand. It reported organic…  — Continue at ZeroHedge News : Read More