Last night, #LVMH reported that its fashion and leather goods division grew 9 per cent to €9.75 billion in sales in the third quarter, while group sales were also up 9% - but notably slowed across Europe and Asia. “This seems a sign of continuing moderation, as consumers sober up after the post-pandemic euphoria,” Bernstein analyst Luca Solca said in a note following the luxury conglomerates earnings. Most luxury stocks, including LVMH, #Kering and #Richemont, have decreased in the double digits since July. In after-hours trading on Tuesday, LVMH stock had fallen 1.5%. The boom times for high luxury, it seems, are coming to an end. What’s next for LVMH? Tap the link in bio for more. #LouisVuitton Spring/Summer 2024.