Arnault's US$37b Wealth Loss Comes as Luxury Dims in China

The Edge Markets22:33 ET

Luxury goods are in a harsh winter, in 18 months, the LVMH boss fell from the world's richest to fifth place.

The luxury goods industry's harsh winter continues, with LVMH experiencing negative sales growth in the third quarter, and the sales of its core divisions seeing the first decline in four years. As a barometer for the entire industry, LVMH's sales figures may signal a potential decline in performance for other competitors such as Brunello, Hermes, Kering Group, and L'Oreal, with these companies set to release their financial reports this week and next week.

wallstreetcn15:25 ET

Stocks to Watch Wednesday: ASML, Morgan Stanley, Novocure, TSM -- WSJ

WSJOct 16 05:27 ET

Investors Develop an Allergy to GRANOLAS After ASML, LVMH Downturns

MarketWatchOct 16 04:20 ET

Luxury goods leader LVMH's Q3 performance is the worst in four years, with the stock price plummeting more than 10% at one point!

Global luxury goods industry leader LVMUY.US announced its third quarter financial performance on Tuesday, facing the worst quarterly performance since the global pandemic in Q2 2020.

Zhitong FinanceOct 15 21:23 ET

UBS Reaffirms Their Hold Rating on LVMH Moet Hennessy Louis Vuitton (0HAU)

TipRanksOct 15 15:55 ET · Ratings