LVMH Fashion Unit's Growth Held Back by Iran War
Share
Organic sales at LVMH's key fashion and leather goods unit, home to Louis Vuitton and Dior, rose 1%, missing the 1.52% estimate of analysts surveyed by Bloomberg. The luxury industry has been affected by the conflict in the Middle East and a slump in Chinese shoppers' purchases, with LVMH saying the conflict deterred wealthy shoppers. Bloomberg's Angelina Rascouet reports.
More from Australia
Crypto networks collide with sanctions in a fight for financial access
American Tungsten completes Nexus acquisition for Pinnacle MOU
Butn extends MYOB invoice financing agreement to 2027
Celsius Resources updates market on US$5M dispute
Estrella Resources signs sales deal for 27,000 tonnes
McPherson's reports $20.3M full year net loss