✉news LifeFashion first seen 3 d ago, last 2 d ago, peak #7
LVMH sales edge higher as Sephora and jewelry offset fashion slide
Original: LVMH sales edge higher boosted by Sephora and jewelry, despite fashion slide
LVMH, the world's largest luxury group, reported a modest rise in sales, driven by strong performances at beauty retailer Sephora and its jewelry brands. The gains offset a continued decline in its fashion and leather goods division, historically its biggest earner, as demand for high-end handbags and clothing softens among luxury shoppers worldwide.
Why now: Investors and industry watchers are focused on whether resilient beauty and jewelry sales can compensate for weakness in luxury fashion demand.
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- LVMH sales edge higher boosted by Sephora and jewelry, despite fashion slide · Premium Beauty News
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