LVMH reported 3Q2024 ended down 3%, with Asia off 16% and Fashion & Leather Goods down 5%. LVMH called it a cyclical downturn but it may be bellwether of worse ahead.
Though many luxury brands are experiencing a slowdown, Hermès has managed to come out on top. Demand has only gone up for Hermès’s leather goods, such as the famed Birkin and Kelly handbags, with ...
With the exception of Hermès, all luxury goods companies are struggling. At LVMH, within the fashion and leather goods division, which includes Louis Vuitton, Dior and Celine, ready-to-wear and ...