LVMH's Print Points to Gradual Rebound in China -- Market Talk

Dow Jones10-15

0950 GMT - LVMH's results show that a recovery in China is gaining traction, but the landscape remains challenging, Berenberg analysts write in a research note. The French luxury giant delivered a surprise return to organic growth, with third-quarter sales up 1% on year following two quarters of contraction, the analysts say. Importantly, the conglomerate went back to positive growth in China, a key market for the industry that has experienced a significant downturn in demand for luxuries in the past years. The strong rebound seen in Asia is a positive read-across for the group's peers in the luxury space, they say. However, the macroeconomic backdrop showed little change, and a tougher comparison base is expected to weigh on the fourth quarter, Berenberg says. Shares climb 14.5%. (andrea.figueras@wsj.com)

(END) Dow Jones Newswires

October 15, 2025 05:50 ET (09:50 GMT)

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The strong rebound seen in Asia is a positive read-across for the group's peers in the luxury space, they say. However, the macroeconomic backdrop showed little change, and a tougher comparison base is expected to weigh on the fourth quarter, Berenberg says. Shares climb 14.5%. 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