ENXTPA:MCLuxury
LVMH Middle East Slowdown Highlights Regional Risk And Segment Resilience
LVMH Moët Hennessy Louis Vuitton (ENXTPA:MC) reported its first quarter business update, showing a material hit to Middle Eastern luxury demand linked to ongoing armed conflict in the region.
The company flagged tangible revenue disruption and weaker mall traffic in key Gulf markets, which weighed on overall group organic growth.
Core Fashion & Leather Goods underperformed, while Watches & Jewelry and several other regions, including parts of Asia and the US, showed more resilience.
The...