By  on October 16, 2013

PARIS — Louis Vuitton’s shift to higher-priced leather bags is “not a three-week process,” meaning the powerhouse brand may continue to be outpaced by its luxury peers.

That was one of the main takeaways from a conference call Wednesday to discuss third-quarter results at LVMH Moët Hennessy Louis Vuitton, where revenues rose 1.7 percent to 7.02 billion euros, or $9.3 billion, missing consensus expectations and indicating slowing growth from earlier in the year.

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