#Luxury market leader LVMH's fashion and leather goods segment fell an alarming 4% (or 5% organically) in the first quarter and 12% in the second to end the first half off 8% to $22.4 billion on a reported basis. #LVMH finds itself in unfamiliar territory, being on the losing end of a market slowdown. It didn’t miss a beat during the last global #luxurymarket downturn in 2008/2009 and, excluding 2020, it has steadily grown since then. That was until 2024. Read more at the link in our bio. (Photo: VCG via Getty Images)