LVMH hit by luxury slowdown. Is China okay?
Global consumers reined in their spending on luxury fashion and leather goods in the first quarter, causing LVMH sales to slow. Were there any bright spots?
A giant Louis Vuitton bag is exhibited in Shanghai in December 2023. Photo by Wang Gang/VCG via Getty Images
A giant Louis Vuitton bag is exhibited in Shanghai in December 2023. Photo by Wang Gang/VCG via Getty Images