Company reports slowing sales growth in third quarter at its fashion brands including Louis Vuitton as Chinese customers ‘spend a little bit less’LVMH has became the first major luxury goods provider to say the stock market collapse in China over the summer has affected sales,particularly at its flagship Louis Vuitton brand. The world’s biggest luxury group, which owns more than 70 brands including the jeweller Bulgari and the fashion labels Fendi and Celine, or said on Tuesday that it had seen spending growth rates by Chinese buyers tedious down more abroad than at domestic.
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Source: theguardian.com