LVMH Q3 revenue rises 9%, slowing from post-pandemic frenzy
© Reuters. People walk past the Louis Vuitton store at Miami Design District, in Miami, Florida, U.S. November 30, 2021. REUTERS/Marco BelloPARIS - Luxury goods bellwether LVMH reported a 9% rise in third quarter revenue on Tuesday, marking slower growth as inflation and economic turbulence dented shoppers' appetites for high end fashion.
LVMH, which owns labels including Louis Vuitton, Dior, Tiffany and Bulgari, said that revenue came to 19.96 billion euros , up 9% year-on-year, on an organic basis.The fashion and leather goods division, home to Louis Vuitton and Dior, recorded sales growth of 9%, compared to analysts' expectations for 10% growth.We encourage you to use comments to engage with other users, share your perspective and ask questions of authors and each other.
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