The Middle East war causes sales decline in LVMH's largest division

老虎证券2026/04/13 17:21

Show original

Bitget offers one-stop trading for cryptocurrencies, stocks, and gold. Trade now!

A welcome pack worth 6200 USDT for new users! Sign up now!

LVMH stated in a press release on Monday that its core Fashion & Leather Goods division saw a 2% drop in organic revenue in the first quarter, worse than the 0.05% decline analysts had expected. At the beginning of this year, the market had hoped that the luxury goods industry would emerge from its prolonged downturn, but with the outbreak of war in the Middle East, demand in shopping hubs such as Dubai and other parts of the region declined.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

Understand the market, then trade.

Bitget offers one-stop trading for cryptocurrencies, stocks, and gold.

Trade now！

Fitch Ratings recently announced that it is maintaining France's sovereign credit rating at "A+" with a "stable" outlook, even though the agency has once again warned that sustained fiscal deficits and rising public debt amidst increasing political uncertainty could still trigger a future rating downgrade.

智通财经•2026/08/29 07:11