LVHM crashes 7.5% in worst plunge since COVID-19 over China’s luxury spending slowdown, stock down 21% YTD | Stock Market News
Source: Live Mint (Bloomberg)- LVMH shares plunged after sales of fashion and leather goods fell for the first time since the pandemic, revealing the scale of the slump in demand from once insatiable Chinese consumers. Organic revenue at the key unit whose brands include Louis Vuitton and Christian Dior declined 5% in the third quarter….