# @voguebusiness on Instagram

- **Type:** Video
- **Original URL:** https://www.instagram.com/p/CyRMh4Ctngj
- **Gondola URL:** https://gondola.cc/posts/58649636-voguebusiness-instagram
- **Thumbnail:** https://img.gondola.cc/tr:w-,h-,fo-auto/postThumbnails/939515cafe.jpg
- **Posted:** 2023-10-11T18:33:02.000+00:00
- **Account Owner:** Vogue Business (@voguebusiness) — https://gondola.cc/voguebusiness

## Caption

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.

## Stats

- **Views:** 4,024
- **Likes:** 561
- **Shares:** 0
- **Comments:** 1

## Tags

lvmh, richemont, louisvuitton, kering

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