LVMH’s sales of fashion and leather goods fell for the first time since the pandemic as the industry’s biggest player was hammered by a slump in demand from Chinese consumers whose appetite for high-end purchases once seemed insatiable. French conglomerate LVMH’s brands include Louis Vuitton, Christian Dior and Sephora. Bloomberg’s Rachel Chang reports.
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News post in October 16, 2024, 12:05 pm.
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