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“I think it would be a mistake,” said LVMH CFO Jean-Jacques Guiony during the company's Q3 earnings call this week.

LVMH

Paris, France

Paris

Fortune

LVMH had a bloodbath of an earnings. But its CFO is convinced becoming more affordable isn't the answer

LVMH reported a 2 percent revenue decline with £50.8 billion (€60.8 billion) for the first nine months of 2024 due to geopolitical and economic uncertainties. The fashion and leather business saw a drop of 3 percent; however, the brands Louis Vuitton and Christian Dior maintained strong visibility over the summer, boosted by the Paris 2024 […] The post LVMH sales decline amid luxury market challenges appeared first on Apparel Resources.

Apparel Resources

LVMH sales decline amid luxury market challenges

The world of sports is uncharted territory for the head of the LVMH conglomerate. He is connected to athletes by the desire to win

Sports

Formula 1

France

trend.sk

After Formula 1, he dares to conquer the world of football as well. The richest European buys a French club

Mark Zuckerberg loses his spot as world’s third-richest person to Bernard Arnault Bernard Arnault, the businessman and CEO of luxury goods group LVMH, has managed to displace Mark Zuckerberg, the founder and CEO of Meta, from his spot as the world’s third-richest person. Arnault’s fortune increased by more than $30 billion over the past week, bringing his total fortune to $207 billion, after the group’s shares rose by 20% thanks to China’s annou…

Mark Zuckerberg

China

rrarabia.com

Mark Zuckerberg loses his spot as the world's third-richest man to Bernard Arnault

French luxury giant's weaker sales from China could be a bad sign for upcoming sector stock reports

Stock Markets

France Economy

morningstar.co.uk

Luxury Slowdown? LVHM Shares Fairly Valued After Fall

The comments come as the French luxury brand saw a 3% sales decline this quarter.

MarketWatch

LVMH executive says it would be a mistake to offer more affordable products. Here’s why he’s right.

The luxury sector faced a significant setback on Wednesday following LVMH’s disappointing earnings report and a cautionary warning from Wall Street about the challenges in reviving demand among Chinese consumers, a crucial demographic for luxury brands. LVMH, the world’s largest luxury goods conglomerate, reported a 3% year-over-year decline in sales for the third quarter, marking […] The post Maybe the time is right to abandon the habit to buy …

Wall Street

micetimes.asia

Maybe the time is right to abandon the habit to buy ultra-expensive rags? - micetimes.asia

Global stocks fell on Wednesday after gloomy results from European heavyweights LVMH and tech company ASML dented sentiment, while the dollar gained as investors banked on a more moderate decline in US interest rates, Reuters reported.   The semiconductor market beyond AI has been weaker for longer than expected. I Photo: Jean-Christophe BENOIST Wikimedia Commons     ASML, whose customers include TSMC and Samsung, delivered a gloomy sales foreca…

Netherlands

Netherlands Economy

Stocks Slide In Reality Check From Big Cap Earnings

Financial Times

CNBC

Business Insider

De Tijd

AMSTERDAM : Investors and analysts are reviewing their assessments of computer chip equipment maker ASML, they said on Wednesday, after the company cut 2025 financial guidance, citing weakness in markets other than AI and delayed orders.

tag:reuters.com,2022:binary_RC23TS9944SK-BASEIMAGE

Business

US Economy

Economy

Tech

Artificial Intelligence

Health

Nvidia

Amsterdam, Netherlands

Singapore

United States

Singapore Economy

Amsterdam

Reuters

The Star Kuala Lumpur

Globo

South China Morning Post

Channel News Asia

ASML warning shocks global chip investors

Under the terms of the deal, the holding company of luxury goods tycoon Bernard Arnault, France's richest man, would take a controlling stake in the Ligue 2 club Paris FC, according to a source close to the matter who asked not to be named.

Jürgen Klopp

Soccer

Louis Vuitton

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abc News

The West Australian

Le Figaro

PerthNow

France's richest family in talks to buy Paris FC football club

WASHINGTON - The United States is \"concerned\" by reports of North Korean soldiers fighting for Russia in Ukraine, a White House spokesperson on Tuesday. Read more at straitstimes.com.

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ASML warning shocks global chip investors

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