The world's largest luxury firm, seen as a bellweather for the industry, posted nine-month and third quarter results.
Shares of luxury behemoth LVMH fell to their lowest level of the year on Wednesday after financial results disappointed.
The report showed quarterly revenue growth of 9% year-on-year, a sharp fall from 17% in the second quarter. Analysts had forecast growth of around 11%. LVMH sales soared during the pandemic, lifting the company to record results and boosting its share price to record highs this year. However, the
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