Sales slow at Louis Vuitton’s owner as China sputters

A Louis Vuitton outlet in Hong Kong, China. (Image: Depositphotos)

Sat, 14 Oct 2023

By Nick Kostov LVMH Moët Hennessy Louis Vuitton reported a sharp slowdown in sales growth as the world’s biggest luxury goods company struggled to lure big-spending Chinese consumers back to its boutiques after the end of China’s pandemic restrictions.The owner of Louis Vuitton and Dior said sales in its Asia market – which is dominated by China and excludes Japan – rose 11% in the three months to Sept 30, stripping out the effects of currency fluctuations. That is down from a 23% rise in the first half of the...

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