PARIS — Hit by weak tourism, growth at LVMH Moët Hennessy Louis Vuitton stalled in the third quarter ended Sept. 30, with sales advancing 1.7 percent to $3 billion, versus $2.95 billion a year ago.
Still, the luxury giant stressed that its sales and profits continue to grow in the face of "general uncertainties surrounding the luxury goods market." What’s more, LVMH said growth in operating income, which advanced 19 percent in the first half, should accelerate in the second half.
Hermès is launching a Laundromat pop-up shop in NYC - dubbed Hermèsmatic - where customers can bring their old scarves to be dip-dyed by an expert. Get all the details on WWD.com. #wwdnews (📷: @donstahl)