Louis Vuitton’s parent company, LVMH, reported a 4% overall decline in sales, signaling a Shift in Luxury Consumer Trends Amid K-Shaped U.S Economy
LVMH, the world’s largest luxury goods company, reported a 4% drop in sales and a sharp 9% decline in its core fashion and leather goods segment. This signals a broader transformation in global luxury consumption, with wealthy elites still splurging while aspirational buyers pull back. Here’s what it means for the luxury market. LVMH reported …