International Companies

Shares fall after LVMH sales disappoint

By Abigail Townsend

Date: Wednesday 16 Oct 2024

(Sharecast News) - Shares in Europe's luxury goods firms came under pressure on Wednesday, after third-quarter numbers from France's LVMH missed expectations.

The owner of Louis Vuitton, Veuve Clicquot and Tiffany & Co, among many other high-end brands, said group revenues fell 3% on an organic basis in the three...

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