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LVMH earnings drop signals economic concerns - experts

Author
Newstalk ZB,
Publish Date
Wed, 23 Oct 2024, 8:08pm
Photo / NZME
Photo / NZME

LVMH earnings drop signals economic concerns - experts

Author
Newstalk ZB,
Publish Date
Wed, 23 Oct 2024, 8:08pm

As the latest US earnings season picks up, one famed luxury good company has caught attention for all the wrong reasons.

LVMH's earnings report left investors disappointed, with its key Fashion & Leather Goods division seeing a 5 percent revenue drop this quarter.

Milford Asset Management's Stephanie Batchelor explains what's causing this drop.

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