Luxury group LVMH saw a slowdown in sales at the start of the year, as wealthy consumers reined in spending on pricey Louis Vuitton handbags and Hennessy Cognac. The pace of growth was the slowest for a first quarter since 2016 excluding 2020, when Covid-19 lockdowns shut down economies worldwide. Bloomberg’s Caroline Connan reports.
LVMH Sees Weaker Demand for Luxury Handbags, Spirit Brands
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