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LVMH Sales Growth Slows as Global Luxury Demand Cools

Organic revenue at the French group’s crucial fashion and leather goods unit rose 9 percent, missing analyst expectations.
LVMH is cracking down on counterfeits. Shutterstock.
LVMH’s sales growth softened in the third quarter as shoppers reined in spending on high-end Cognac and costly handbags. (Shutterstock)

LVMH’s sales growth softened in the third quarter as shoppers reined in spending on high-end Cognac and costly handbags, more evidence the post-pandemic luxury boom is waning.

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