LVMH Sales Hit by War

The world's largest luxury group, LVMH Moët Hennessy, has missed analyst expectations as geopolitical instability weighs on high-end retail.

Sales have reportedly shrunk in Dubai and Abu Dhabi, where the Iran conflict has significantly impacted mall traffic and tourist spending.

While the industry had shown early signs of a rebound, the current energy shock and supply chain disruptions have forced a pause in growth.

Investors are now closely monitoring other major fashion houses to determine the full extent of the war's impact on global luxury recovery.