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Bloomberg
LVMH fell slightly short of the high bar the world’s biggest luxury company has set for itself, as continued strong sales from the owner of Louis Vuitton bags and Dom Perignon Champagne failed to impress some investors.
The French company posted solid results for the second quarter in Europe, the US and Japan but suffered from a poor performance in China due to lockdowns.
Growth in the key fashion and leather goods division beat forecasts but was below investors’ expectations, based on recent discussions, RBC Europe analyst Piral Dadhania said.