LVMH's Downbeat 1Q Sets Cautious Tone for Luxury -- Market Talk
Dow Jones04-14
0603 GMT - LVMH's underwhelming start to the year will cast a cautious pall over the wider luxury-goods industry, Citi's Thomas Chauvet writes in a note to clients. The French giant, a pacesetter for Europe's makers of luxury fashion and jewelry, booked lower-than-expected revenue for the first months of the year, dragged by a decline in its mainstay fashion & leather-goods division. "The slight miss in fashion & leather is likely to set a prudent tone for the reporting season," Chauvet says. Conflict in the Middle East remains the main pivot of uncertainty, he notes. ((joshua.kirby@wsj.com; @joshualeokirby))
(END) Dow Jones Newswires
April 14, 2026 02:03 ET (06:03 GMT)
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