World’s largest luxury group LVMH slumps 5% after second-quarter revenue miss

People are walking by the Louis Vuitton storefront building in Lisbon, Portugal, on July 21, 2024.

Luis Boza | Nurphoto | Getty Images

Shares in the world’s largest luxury group LVMH fell on Wednesday after its second-quarter sales came in below analyst consensus on Tuesday.

Quarterly sales came in at 20.98 billion euros ($22.7 billion) in the second quarter, compared to the 21.6 billion euros LSEG analysts were expecting.

LVMH shares were last down by 5.3% at 9:04 a.m. London time. Other luxury sector stocks, including Gucci-owner Kering which is set to report earnings on Wednesday, also retreated.

This is a developing story, please check back for updates.

Source

World

Typhoon Matmo strengthens, prompting China to evacuate 347,000 people ahead of landfall

October 5, 2025

A man braves the rain as he makes his way through a flooded section of the road amid heavy rainfall brought by Typhoon Matmo, in Haikou, Hainan province, China, on Oct. 5, 2025. Cnsphoto | Via Reuters Typhoon Matmo strengthened ahead of making landfall Sunday in China, prompting the government to evacuate some 347,000 people […]

World

I’m a psychologist who studies couples—here’s the No. 1 thing people fight about in relationships

October 5, 2025

When people ask me what couples fight about the most, they expect the usual suspects like money, sex or parenting. But after years of research, and from real-life experience in my own marriage, the answer is much simpler: tone of voice. That’s right. It’s not the dishes in the sink or the unpaid credit card […]

Taylor Swift’s ‘The Life of a Showgirl’ album release party snares million domestically

World

Taylor Swift’s ‘The Life of a Showgirl’ album release party snares $33 million domestically

October 5, 2025

A person wearing an outfit inspired by The Eras Tour poses in front of “The Official Release Party of a Showgirl” posters at an AMC theater to celebrate the release of Taylor Swift’s new album “The Life of a Showgirl” in New York City, U.S., Oct. 3, 2025. Kylie Cooper | Reuters Taylor Swift gave […]