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As luxury firms struggle worldwide, the 'knowingly cool' label is posting record-breaking sales figuresWhile profits fall across the luxury fashion industry, one kooky Italian label is posting record-breaking sales figures.For a global industry worth almost £1.5tn, luxury fashion is having a bruising time. Last month London fashion week had such a small number of catwalk shows it shrank to a weekend. Even super-conglomerate LVMH – which includes Dior, Fendi, Louis Vuitton and most of the drinks brands in your cocktail cabinet – lost a fifth of its profits last year. Continue reading......

LVMH Reports "Mixed" Results As Goldman Says "Buy On Any Weakness" LVMH Moët Hennessy Louis Vuitton SE posted better-than-expected full-year sales but delivered mixed fourth-quarter results, highlighting a sluggish luxury recovery. Shares fell in European trading after the earnings report. LVMH controls around 60 subsidiaries that manage 75 luxury brands. LVMH's portfolio includes Christian Dior Couture, Givenchy, Fendi, Celine, Kenzo, Tiffany, and many more brands. It posted revenues of 84.68 billion euros ($88.27 billion) for 2024 versus 84.38 billion euros forecast by Bloomberg Consensus. This equates to organic growth of 1% versus the previous year.  Here's a snapshot of LVMH's full-year results (courtesy of Bloomberg): Recurring operating income EU19.57 billion, -14% y/y, estimate EU20.45 billion Fashion & Leather Goods recurring operating income EU15.23 billion, -9.5% y/y, estimate EU15.44 billion Wines & Spirits recurring operating income EU1.36 billi...

Shares in LVMH, which also owns Dior, Tiffany and Moët & Chandon, fell by as much as 7%, briefly hitting two-year low• Business live – latest updatesShares in luxury goods brands slumped after Louis Vuitton's LVMH reported an unexpected fall in third-quarter 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, briefly hitting a two-year low, before regaining slightly, after it warned of an “uncertain economic and geopolitical environment”,with falling sales in Asia. Continue reading......

Weak sales in China at LVMH, the owner of Dior, Tiffany and more, sent a shudder through the luxury sector....

LVMH, the world's largest luxury conglomerate, reported a 3% decline in third-quarter sales, falling short of estimates due to weakened demand in China and Japan. The fashion and leather goods division, including Louis Vuitton and Dior, saw a 5% sales drop. This outcome exacerbates existing market volatility and investor concerns, highlighting a broader slowdown in the luxury sector....