LVMH Misses Estimates; Kering, Hermes Set to Report
Bloomberg
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Luxury goods firm LVMH reported first-quarter organic revenue that missed consensus estimates, driven by the underperformance of its key fashion and leather goods division.
Kering and Hermès are also due to report this week, as Bloomberg Opinion's Andrea Felsted explains.
Her views are her own. (Source: Bloomberg)
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Luxury giant LVMH faces headwinds as sales growth slows in first quarter
Euronews —
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LVMH flags sales impact of Iran war
RTE —
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Middle East war weakens luxury industry
Le Monde —
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War in Iran intensifies a time of uncertainty for makers of the ultimate in bling, luxury watches
CTV News —
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War in Iran intensifies a time of uncertainty for makers of the ultimate in bling, luxury watches
CTV News —