LVMH, the world’s largest luxury goods company, reported weaker-than-expected sales in its first quarter, with demand for high-end products in China and the US dwindling due to a potential trade war. The company’s fashion and leather goods division, its main unit, saw revenue decline by 5% on an organic basis, missing analyst expectations by nearly 6%.
Source: https://www.bloomberg.com/news/articles/2025-04-14/lvmh-sales-fall-as-shoppers-curb-spending-on-louis-vuitton-bags