The quarterly income of the world’s largest luxury goods manufacturer, LVMH, decreased
The revenue of LVMH Moet Hennessy Louis Vuitton SA, the world’s largest luxury goods manufacturer, fell by 2 percent to 20.69 billion euros in the first quarter of this year from 21.04 billion euros a year earlier, mainly due to geopolitical and economic uncertainties.
The average of the analysts’ opinion was that the revenue would increase to 21.14 billion euros.
According to data posted on the company’s website on Wednesday, revenue in the fashion and leather goods segment, which brings the most revenue, fell by 2 percent to 10.49 billion euros.
Related news
GKI article in the EU: 20 years of change
Are we falling behind the Visegrád countries, or are we…
Read more >
The companies expect only moderate expansion
The weakness of the domestic and German economies is also…
Read more >
2024 Q2 Investment Outlook: Timing matters
Positive momentum is building. The outlook for 2024 has brightened,…
Read more >Related news
K&H: the inflation anomaly is clearly visible, but customers perceive it differently
Although inflation has slowed down a lot, according to the…
Read more >
Edeka builds a recyclable supermarket
Germany’s leading supermarket chain Edeka is building a new store…
Read more >
NRF: Mother’s Day spending estimated to reach $33.5 billion
According to new survey data from the National Retail Federation…
Read more >
