LVMH reports a modest sales gain in the third quarter, but results show pressure in its fashion and leather goods division. Multiple outlets say group sales edge above expectations or rise slightly, while the key unit that includes brands such as Louis Vuitton and Dior records a decline. Financial Times and Business of Fashion both characterize the setback as part of a broader struggle to restore shopper enthusiasm.
Outlets attribute the weakness primarily to slower demand in China. Bloomberg and WWD point to conditions affecting Louis Vuitton, including a “boycott” reference in Bloomberg’s coverage, while CNA and the other reports highlight an overall slowdown in China that drags down fashion and leather sales. Several sources also note that LVMH’s other divisions perform better, with some overall growth offsetting the weakness. The US market is described as more buoyant by the Financial Times, helping to cushion the group’s wider performance.
