US EditionSpare a Thought for LVMH - A Canary in the Coal Mine?
2 Articles
2 Articles
The second largest decline in the Paris stock exchange's leading index since the beginning of the year, the title of the world luxury leader had to leave its first capitalized chair to its competitor in the rue du faubourg Saint Honoré, the Hermès salter. The lack of visibility on the two largest markets in the luxury industry, the United States and China, weighs on the group controlled and led by the Arnault family (49% of the capital). The sec…
Spare a Thought for LVMH - A Canary in the Coal Mine?
Just like the little yellow bird warning of impending doom, is LVMH the herald of things to come? LVMH’s profits are in freefall, and even Bernard Arnault is feeling the sting.The Profit Hangover Hits HardLVMH, the crown jewel of luxury, has been the bearer of bad news in recent months: profits fell 17% year‑over‑year, missing targets by 14% and dragging net income down to €12.55 billion. Despite sales inching up 1% organically, stumbling perfor…
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