Luxury groups point to weaker demand in the Middle East and changing consumer behavior in China, even as the U.S. and Japan help support second-quarter sales
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A Louis Vuitton store at a shopping mall in Chongqing, China, May 2, 2026. Photo: VCG
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The luxury sector had shown some signs of a long-awaited recovery after a years-long slump prompted by soft demand from Chinese…
While LVMH, Hermes and Prada recorded increased sales in Chinese market, Kering reported a decline.
Luxury giant LVMH saw quarterly sales increase, boosted by strong United States demand. This growth helped offset weaker spending…
Growth was predominantly fueled by the United States, where sales climbed 6%
The Middle East has been one of the few bright spots in a sector that is struggling to get sales back on track.
LVMH a dépassé les attentes au premier semestre, porté par l'accélération de ses ventes aux États-Unis et par la vigueur de la…
