Continued economic and geopolitical uncertainties impact certain businesses. Some brands see growth, but flagship brands maintain timeless appeal in evolving consumer tastes. LVMH CFO highlighted these factors during the earnings call.
LVMH's revenue for the first half of the year shrank by 1%, with organic revenue in fashion and leather goods up by 1%, selective retailing up by 8%, and wine and spirits down by 9%. Sales in Asia (except Japan) dipped by 14%, attributing to the challenges faced by LVMH.
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