LVMH Posts Surprise Return to Growth as China Sales Rise
PositiveFinancial Markets

LVMH has made a surprising comeback in sales growth during the third quarter, driven by increased demand for Moët & Chandon Champagne and Dior perfumes. After facing a significant decline, especially in China, this 2% rise in sales signals a positive shift not only for LVMH but also for the luxury market as a whole. This rebound is crucial as it indicates a potential recovery in consumer spending in one of the world's largest luxury markets.
— Curated by the World Pulse Now AI Editorial System