LVMH sales miss as war stalls recovery

The luxury conglomerate, which owns brands such as Louis Vuitton and Dior, cited the U.S.-Israel war on Iran as a primary factor in its sluggish sales growth.

Demand from Chinese consumers, previously a major driver of the sector's recovery, has remained soft amid the broader economic shock.

Analysts have noted that the luxury market is facing a 'profits squeeze' as sales in key hubs like Dubai and Hong Kong are hit by rising costs and reduced tourist traffic.

LVMH's performance is being closely watched as a bellwether for the global luxury industry's ability to weather the current crisis.