0931 GMT - LVMH appears to be in the best position to benefit from the gradual recovery of the luxury sector, although a rebound will take time, AlphaValue's Jie Zhang says in a note. The owner of Louis Vuitton reported third-quarter revenue ahead of consensus estimates, with all divisions slightly above. The group posted encouraging trends across regions and divisions, the analyst says. The company has set a number of initiatives, including renewed creative direction at Dior, Celine, and Fendi. "This fresh fashion ambition should spark brand energy into 2026," Zhang says. However, management flagged a tougher comparison base in the fourth quarter, so a cautious stance remains appropriate given the challenging macroeconomic environment, she adds. Shares surge 14% to 606.4 euros. (andrea.figueras@wsj.com)
(END) Dow Jones Newswires
October 15, 2025 05:31 ET (09:31 GMT)
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