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LVMH sales miss expectations as luxury recovery is put on pause amid Middle East war

The luxury sector had shown some signs of a long-awaited recovery after a years-long slump prompted by soft demand from Chinese consumers.

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cnbc.comStai leggendo2 mesi fa

The luxury sector had shown some signs of a long-awaited recovery after a years-long slump prompted by soft demand from Chinese consumers.

In March, LVMH's sales plunged by 50% in Gulf countries, according to figures released by the world's leading luxury group on Monday.