Diminished aura: LVMH’s woes point to a slump in the luxury market
[ad_1] The owner of Louis Vuitton and Dior has reported a 1% increase in sales excluding currency movements and mergers and acquisitions in the fiscal second quarter, below analysts’ expectations of a 2.9% gain, and the lowest level of growth since 2009, excluding the pandemic dip. Sales of fashion and leather goods, the engine of…