LVMH third-quarter sales below expectations as fashion and leather division shrinks

LVMH reported third-quarter sales that fell below expectations, primarily due to a shrink in its fashion and leather division. While the Paris-listed group described the US market as buoyant, overall performance suffered from a significant slowdown in demand within China. This luxury setback highlights the impact of regional economic shifts on the group's core sectors. Despite the positive signals from the US, the decline in China contributed to the overall lower sales figures for the period.