The Paris-based group said sales growth slowed, putting the brakes on a long-awaited recovery in Europe’s luxury-goods industry. LVMH’s creaking sales cast a pall over the fragile rebound that had been anticipated across the sector. The slowdown raises concerns about consumer demand and the sustainability of the luxury market’s recent uptick.
Analysts warn that without renewed momentum, the broader recovery could face significant headwinds in the coming quarters.
Source: Wall Street Journal US Business · Summarized by HeadlinesBriefing