LVMH Shares Post Biggest Quarterly Drop Since Dot-Com Era Amid Luxury Slump
LVMH shares experienced their largest-ever drop in the first quarter, reflecting a significant slump in the luxury market, though UBS sees a potential opportunity.
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LVMH Shares Drop Most Ever in First Quarter on Luxury Slump - Bloomberg.com
LVMH Shares Drop Most Ever in First Quarter on Luxury Slump Bloomberg.com
Read full article →LVMH leads European luxury slump with record 28% quarterly decline
Read full article →LVMH Posts Biggest Quarterly Drop Since Dot-Com; UBS Sees Luxury Opportunity
LVMH Posts Biggest Quarterly Drop Since Dot-Com; UBS Sees Luxury Opportunity LVMH, the owner of Louis Vuitton, Christian Dior, Fendi, Bvlgari, Moët & Chandon, and dozens of other luxury brands, just posted its worst quarter since the dot-com bust era, making it the worst-performing European luxury stock this year as demand for luxury handbags, shoes, watches, perfumes, and wines continues to soften amid an intensifying Middle East conflict. LVMH shares in Paris tumbled 28% ...
By Tyler Durden
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