Prøve GULL - Gratis
LVMH shares slump after unexpected drop in sales
The Guardian
|October 17, 2024
Shares in luxury goods brands slumped after Louis Vuitton's LVMH reported an unexpected fall in thirdquarter sales amid China's economic slowdown.
Shares in LVMH, which also owns Dior, Tiffany and Moët & Chandon, fell by as much as 7% in early trading yesterday, briefly hitting a two-year low before regaining slightly, after it warned of an "uncertain economic and geopolitical environment", with falling sales in Asia.
It came after weaker spending by Chinese consumers on cognac, designer handbags and clothing hit group revenues, which fell to €19.1bn (£16bn) in the three months to the end of September, 3% lower than the same period a year earlier.
Denne historien er fra October 17, 2024-utgaven av The Guardian.
Abonner på Magzter GOLD for å få tilgang til tusenvis av kuraterte premiumhistorier og over 9000 magasiner og aviser.
Allerede abonnent? Logg på
FLERE HISTORIER FRA The Guardian
The Guardian
Bump in the road
Zipcar's departure leaves car club users scrambling
4 mins
December 05, 2025
The Guardian
Sublime Starc is last man standing after Australia's mystifying call to leave out Lyon
Analysis Geoff Lemon The Gabba
5 mins
December 05, 2025
The Guardian
Trump presence an unnecessary distraction at the draw of dreams
There will be enough World Cup drama from tonight's ceremony without the president's own sideshow
4 mins
December 05, 2025
The Guardian
Whitty calls for better elderly care as NHS flu numbers rise
The medical profession must do more to prevent and manage infections in elderly people as the current methods are “hit and miss”, according to Prof Chris Whitty, the chief medical officer for England.
2 mins
December 05, 2025
The Guardian
Trainee targets exceeded as graduates turn to teaching
A surge in the number of graduates signing up to become teachers has helped England meet recruitment targets in subjects including maths for the first time this decade.
1 min
December 05, 2025
The Guardian
As this Thames Water torture drags on, let's hope that Ofwat is playing hard with the creditors
A good 20 months have passed since the shareholders of Thames Water declared they wouldn't be putting another penny into the \"uninvestable\" company and would rather take a thumping write-off of their investment.
2 mins
December 05, 2025
The Guardian
Suspended peer alleged to have received at least $1m from 'corrupt' deal
A peer suspended by the House of Lords for breaking lobbying rules is now facing claims that he received at least $1m (£760,000) from an allegedly corrupt deal.
3 mins
December 05, 2025
The Guardian
'Toxic content' Growing calls to sack council leader over posts
Nigel Farage has been urged to sack a Reform UK council leader accused of racism over social media posts, including one saying a black British lawyer should have “F’d off back to Nigeria”.
2 mins
December 05, 2025
The Guardian
No 10 faces harsh criticism for mayoral elections delay
Ministers are to postpone elections for new mayors in four parts of England, prompting accusations from opposition parties that Downing Street is “cancelling democracy”.
2 mins
December 05, 2025
The Guardian
You changed your tune
Spotify Wrapped reveals user listening age
1 mins
December 05, 2025
Listen
Translate
Change font size