default-output-block.skip-main
BoF Logo

The Business of Fashion

Agenda-setting intelligence, analysis and advice for the global fashion community.

French Luxury Groups’ Shares Hit by Weak Chinese Data

Louis Vuitton launches a pop-up store at the Luxury Brand Roadshow at the Shanghai Global Port in Shanghai, China. Getty Images.
Louis Vuitton launches a pop-up store at the Luxury Brand Roadshow at the Shanghai Global Port in Shanghai, China. Getty Images.

Shares in French luxury goods companies LVMH and Kering fell on Monday after weak economic numbers from China, a leading market for many of the world’s top fashion companies.

Kering was down 1.7 percent in early trading while LVMH retreated by 1.3 percent. Rival French luxury goods company Hermès also fell 1.2 percent.

China’s economy grew at the slowest pace in a year in the third quarter, hurt by power shortages, supply bottlenecks and sporadic Covid-19 outbreaks.

By Sudip Kar-Gupta; editor: David Goodman.

Learn more:

China in Focus as Luxury Brands Report Results

This week, everyone will be talking about financial results from Kering and Hermès, plus Bottega Veneta’s show in Detroit

In This Article
Topics

© 2021 The Business of Fashion. All rights reserved. For more information read our Terms & Conditions

The Business of Fashion

Agenda-setting intelligence, analysis and advice for the global fashion community.
CONNECT WITH US ON
Voices2021
© 2021 The Business of Fashion. All rights reserved. For more information read our Terms & Conditions and Privacy policy.
Voices2021