Business · Companies · 1 hr ago
LVMH sales fall 5% in its fashion and leather goods division
LVMH recorded 1% year-on-year growth across its group of 75 houses.
Its fashion and leather goods division, the company’s flagship business, saw sales fall 5% year on year.
The division accounts for 70% of LVMH’s current operating profit.
That makes its decline important to the group’s overall results.
The figures cover year-on-year performance.
No further details about the causes of the fall or what happens next were provided.
LVMH’s fashion and leather goods division recorded a 5% year-on-year sales decline.
The division accounts for 70% of LVMH’s current operating profit.
LVMH, a group with 75 houses, recorded 1% year-on-year growth.
- Who
- LVMH and its fashion and leather goods division.
- What
- The division’s sales fell 5% year on year.
- When
- The reporting period is not stated.
- Where
- Not stated.
- Why
- Not stated.
This story does not have two clearly opposing sides.
This story does not have a timeline yet.
- Sales change
- Fashion and leather goods division: down 5% year on year
- Share of operating profit
- 70%
- Group size
- 75 houses
- Group growth
- 1% year on year
What people are saying
Sales fell by 5% year on year.
Sources
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