LVMH's shares slumped on Wednesday to their lowest level since December after the French luxury group reported slower third-quarter sales growth, providing evidence that inflation and economic turmoil are curbing a post-pandemic spending spree.
Luxury companies' shares have come under pressure in the face of a Chinese slowdown and uncertainty created by rising interest rates…
This story from finance.yahoo.com was posted on 2023-10-11 by @rockway.