Don’t Bet Against LVMH in China Slowdown, Chairman Arnault Says

LVMH Chairman and CEO Bernard Arnault | Source: Courtesy

LVMH Moet Hennessy Louis Vuitton SA, the world’s largest luxury-goods maker, is confident it can adapt to deteriorating market conditions, particularly in China, according to billionaire Chairman Bernard Arnault.

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Richemont Wins Court Order Blocking Websites Selling Fakes

Cartier campaign | Source: Cartier

Compagnie Financiere Richemont SA, which sells Cartier watches and other luxury brands, won a U.K. court ruling that orders Internet providers to block websites selling counterfeit goods, in what a judge said was one of the first cases of its kind in Europe.

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LVMH Revenue Growth Matches Estimates as Europe Offsets Asia

Louis Vuitton store on the Champs-Elysees, Paris | Source: Shutterstock

LVMH Moet Hennessy Louis Vuitton SA, the world’s largest luxury-goods maker, reported third-quarter revenue that met analysts’ estimates as improved growth in Europe and the U.S. compensated for slowdown in Asia.

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