PARIS :A record-breaking run in the shares of French luxury goods group LVMH halted briefly on Friday after the company's fourth quarter sales update prompted some disappointment over the impact of China disruption on its margins.The company, which owns dozens of high-end labels including fashion houses Louis
PARIS :A record-breaking run in the shares of French luxury goods group LVMH halted briefly on Friday after the company's fourth quarter sales update prompted some disappointment over the impact of China disruption on its margins.
But some analysts focused on the margins, taking some of the shine off the fourth-quarter sales boost. High profile marketing events included Dior's takeover of London department store Harrods over the holidays as well as a fashion show in Egypt, with the pyramids serving as a backdrop.
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LVMH shares lose recent lustre as China takes margin tollPARIS :LVMH shares, which hit a record high earlier this month, fell on Friday as some analysts aired disappointment at the company's margins, taking some of the shine off a fourth-quarter sales rise.The French luxury goods group reported late on Thursday that its sales rose 9 per cent in the fourth quarter a
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Luxury giant LVMH sales rise 9% in fourth quarterPARIS :Luxury goods group LVMH posted a 9 per cent rise in sales in the fourth quarter as shoppers in Europe and the United States splurged over the crucial holiday season, helping to partly offset COVID disruptions in China.Sales at the world's biggest luxury group came to 22.7 billion euros ($24.65 billion)
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Luxury group LVMH's sales defy downturn as shoppers splurgePARIS :Luxury goods group LVMH's sales rose 9 per cent in the fourth quarter as shoppers in Europe and the United States splurged over the crucial holiday season, helping to partly offset COVID disruptions in China.Sales at the world's biggest luxury group reached 22.7 billion euros ($24.65 billion) in the fi
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LVMH shares fall as margins disappointment takes shine off Q4 figuresPARIS : LVMH shares, which had hit a record high earlier this month, fell on Friday as some analysts expressed an element of disappointment over the company's margins, which took some of the shine off its fourth-quarter figures.LVMH reported late on Thursday that its sales rose 9 per cent in the fourth qu
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Laporte resigns as French federation presidentPARIS :French rugby was thrown into further turmoil just over seven month before the World Cup as Bernard Laporte resigned as president of the French rugby federation (FFR) amid legal trouble on Friday.'I can confirm Bernard Laporte's resignation. I welcome this decision... which is a good thing for French ru
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Paris 2024 ticket buyers asked to help others attend GamesPARIS: Organisers of the Paris 2024 Olympics are asking ticket buyers to donate two euros per purchase to help people who cannot afford it to attend the next Summer Games. 'It's the same principle as the 'pending coffee',' said French entrepreneur and Paris 2024 board member Alexandre Mars. This
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