Luxury
LVMH Profit Drops, Hurt by Exchange Rates
Luxury goods giant LVMH Moët Hennessy Louis Vuitton on Thursday said its first-half profit dropped 4% despite a small sales increase, showing the sector's vulnerability to fluctuations in exchange rates. Home to such brands as Louis Vuitton, Fendi, Moët et Chandon and Bulgari, the company said net profit in the…
Continue Reading
Subscribe to unlock the full article and access premium financial content.
Click here to read the full story: Online Wall Street Journal