Published 3 months ago

LVMH revenue slides as luxury retailer continues to combat uncertain market

Summary by City AM

LVMH, the multibillion-pound owner of Dior and Louis Vuitton, has reported a drop in revenue in the first half of the year, joining other major fashion brands which are suffering from a slump in demand. Revenue for the luxury retail brand came in at €41.7bn (£35bn) for the first half of 2024, the firm said today, one per cent down compared to the first half of 2023. This was below consensus expectations of a three per cent rise. Net profit was …

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LVMH revenue slides as luxury retailer continues to combat uncertain market

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