LVMH sales miss expectations as luxury recovery is put on pause amid Middle East war [MSNBC.com]
LVMH-MOET H/L/V UNSP/ADR (LVMUY)
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Source: MSNBC.com
In this articleA Louis Vuitton bag is displayed at the LVMH Moet Hennessy Louis Vuitton stand during the Viva Technology conference dedicated to innovation and startups at Porte de Versailles exhibition center in Paris, France, June 12, 2025.Benoit Tessier | ReutersLuxury conglomerate and industry bellwetherThe Middle East conflict had a 1% negative impact on organic growth in the quarter, LVMH said in a statement."LVMH maintained its powerful innovative momentum and showed good resilience in a geopolitical and economic environment that remained disrupted, amplified by the conflict in the Middle East," the company said, also flagging a good start to the year in the U.S.Analysts broadly expect growth to pick up significantly in the next quarters as LVMH and others continue to try to reinvent themselves and win back customers. Many shoppers turned their back on brands following a luxury boom that ended in 2022, which saw significant price hikes and strategic decisions that alienated par
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