Credit: Louis Vuitton
Revenue for the fashion and leather goods segment dropped by 3% reported (1% organic) in the period to €30.9 billion, while watches and jewellery were down 5% (3% organic) to €7.95 billion. Selective retailing had growth of 1% (6% organic) to €12.43 billion.
In the third quarter alone, fashion and leather goods had an organic decline of 5% to €9.15 billion, while watches and jewellery dropped 4% to €2.39 billion and selective retailing grew 2% to €3.93 billion.
Looking forward, LVMH has not provided a forecast but said that it remains confident despite the uncertain economic and geopolitical environment.
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