Commerce
July 24, 2024
Revenues and profits are on the decline at luxury’s largest company. Image credit: LVMH
By Zach James
French luxury conglomerate LVMH is the latest to be affected by the wide-ranging economic slowdown in the sector.
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J5ZzJcSphh8kdrFeihXApyrQs\/3e8pXccSBfSgx\/J99evkY4fRXIBtRkYNWneDVgpxdZM4nuB3GxX\/cxZE0uKwJOPiuu9WhGi1rpcCKy2bqtQXG1v8r0sqtf8qZ5q6Ax5iwpeNuTCCjNebnapaTRmO\/lWdA\/2F+8w3otWoSFRPc5b7vP94yf61x3iAUmZmNW7PFwMnTospBA3tXqPSQhMtv9Yp1nv7nvqvWOGG2J5Yqkjyi5psLvWZimUuTH2rrnSaSj9diOlCyN6RcrOG7Xm+khbYOk49CuPnI+YgPAh9X4yR32nqGnnMIpgjPnzXuHuI\/2ZMRUO62Xu9WeuPNk\/5QuDdLwovNQy6LMSEceLmtdSSVqb9wazSpht+tpOmdcAYgF1RVccCyuDlUukTTiXuhoKd315EEOO3mYQzoj260dL2Dx6cA+qOyq9O5aSr9QLm3jqouESO4fcWU8f8w1NkANg\/sEpcoAT15cno9NiXHYIykQuXvjFROgF5Q6e0BytxKpjhqTwdl6qWpGHxSLiyuqeq7SsYP8j5FmdCUqDIeDLgZRBYJ+GUDfiHa1qHogXD6CcCdxGFBhOhNsJNw8e8Bkbv2zsRCRxxiuUdIAX++Bm3nk1KpaiXSa0AttxYJao0YY9gKhBeONhj\/sYGg+15CVp7icW\/EssP0NL\/OqL1JzYfUadvPW9v77MoftkwFvG+zrQ4C+80bzfC1eZ9Y6qLdycJC9ftD6WuuZvNSXWeiz6tk3v1+WzafI89E7LLKAe8Zr4pmJQabnWRraahblfIFTtcOqG9w2PjAfrobOCSVuJLiocQfBWz+Cz7aJDl\/3zbfy9q8uH1\/bnQyDZjqsLnuu4aTjHfV\/vYbey7toxaRyRKHpNng67eKMDC8oa4Qr66iCMRKS9SrZYDzUVrL6F4k1bS\/r2WOOoLZ6Z1MWeyphtOKERtkOr8LvW0wAONP++0pKx1G1lfaxaqodkBP3wzxGs+esoU6gFHW42m6U0U1NuiIqThrlmt6TtO7058u0EyAOW\/gqOWBVEK63XIQnYI71se3ozfeIOnpbd2nFlPgxUg4gCWWp1e3v3OSbIi1Jfs8xfaKYpRGBf0VxCnqHhGulDwFi8BGNYdYktNCeYSDzUM2ggNHNPrMOY74+s9b6ZVc0MCSMkcLkSUk5vCJdBNvEFvJI71mgpLXERgmsr8CDnZlre+4MBZmqb3I8WPSHiMijodgyrKABcj1DIITxcEUHjjCKkB0KAUBpN8O6vYt1fpyiu0t8SbWeOvhnR+2UbWj+4YVlCD9t\/8xp42rvwM7p8UjZbPND+QLYtFKVBvm166Bj5UO4iDEVGjWGt+0dV5oeVI0NFx05yf2O9Hn2Kflr8Kk51ZQ0pdsGh6HGodpDGUHo1yZ7kBVf2MmezlkpktofDsjUTtPxtpBvaAfCFshG891ew20znnEJBl1PNiFNGvaTbTjZ15KWJu0rSYksnjyZBb\/Gt0RuAKRqMR9KrZ7unMQYUhHbSB5oIwyXGI+xZkLnzW\/hCj8stBu46BIblo76NXq1OTmiz7Uah9IXQz9lI7mPrA68CbwcQr94JDVAyp9i+vExjDQhSARx4\/gDXWvMoOEl8eHgPFXkciqL0zLMzR+ZIrbZ5KysGtHyJ5PVe5Kh0o+6CSREiH5w5fUE5O1gwc2YBm1gpLQq+HBeHYotYORotuV0dCTg6nJIZBBOvN7mlaiSx+YfF4QqDWNmiwrfgwcvSyAdjhVx8dh32Mkb5ugjmngwp0Mdr+bd5SrPTaNDmIQUeL+2B2MQ0MycqKkgwxojBFL9tGvUuJ81rY9EN\/hBa8J5gJvLReTBtJmRMGoTQG2ZUfbZKnXzLSV6a4j4\/efgIexyTfbZtR81xrxVemhQ\/XNtxUvnMrbHD0XVY0pugqmpJ2ElABWdCo6Y7L9nlpsC+35lrHUxoz67agDMnz8y+ru84yfj+vYlo8ukX0hmrPmOG8CNZ\/OiXp6jFYLOJAcGzaoalTunAQQWr6ZW1lpYTD7AFMWlLQ8Os2Nshw+qcK67hXzYg\/gNzGHwPukONMgz9Zlg1ups6sI9TN2uqxTve+sKkaRVhV4GdPyAoanBVASf7yS8EGfCUwxvDge3qWIhHdDZ\/7VvBqbKsAm2ViZeG+xCh9CmlYb2K\/tLPUSGsLRj+ElMAfzZFP5KDnTMm4lIOTpitfz6eM2\/1eJh7vDj4xCN5\/y6tvmxZu+MAraU1oT2bCNvyPdMGs89TSrGk\/QtXJSvm1BcuLv5kx8GnNXb5DgcHdJGqfqzX7s86Z+eb+hAorKIH5y4br7G8DXcHjD8OZCS+8T0eWliKPHsuDcH2vPoaXUYuEvk2bsCLNYQbQpaUAEaNPghJbYdrxvdNb+hvLD8JNS3gh67Dx3tfiBuZMynu+534EWBObaJXs\/ILuiaeP6hoaSTx+JwRRf+R1sjtmg3oKBxfBLEpQpuBuHVQ+RlVRZeCeKxZQyx2KapTV07FZEbif0ehowJzhpMEPZepr01sLbT8rHb1IPAotQSf\/SC1ggg3OQq\/hsgqCfv\/Pl1IaWHQ2arKmnAWJz0HINfVVkjA0hJXJhPs+t+qs0cCbAfu3g2EIa0fWZhkD\/z\/laM0mdT5MeezT7aDOv0RjDk8\/cH2DREZxBdVKE\/ubha+iveYCKhwVOxlm2I8us09DFfiS5gDynSjTOYdQmOojuTVp370qyVtqb0nr2gvf0Rq6J83nsak8LSqvA5VHhLLBCaAffl67lojWbT0PjZ+EUFM0B2uDBGOo+WUZJze5ABArMI2peQSdkeKdXts+bUg9IdrXsdFVo2MV1WwtKT8Qqk283DQykwjTtav8Et2W+C8oXgQmY3jHVwtD5HZ2wrOnnNa6bWGm5BZtNfIVujxGYUVsmX4hCodH8E5gRTi2rAU3mcRm\/7vIU2D7jIH5e4v+reEVDpb5YKqsb1fYAUb5\/vPVNXUSEAGYM7t5v8vdm1hJ0A5N3llZxycaHJdOnhvpjfjQVg1qcAH6sdCl3ydgO6PaDxKKN1M7cN2XGejlR8\/eNxE1jt9MRnXrxaZW7eTWjkjeQ0r6k+jCQufbkOoBMnIh2uOj\/dXsJq1\/XKk+OJgfCQE1Mlhx+v5+OaWDmqX4SSzMKLJpz7fa1\/BHAdv2pfEFdE9Sg8XV4Ocwr93J\/d\/IILS7Buz2Zkf0VNQxyh0F2p+vMQf1L4SdzS2tTVamkb+lSOr9DQUT5NqLPSoEACBEes5DowHwdqtNNQDN\/ABiCFzNi3Jg9zo+aoo6eHor9yb5fCuwTgd6Ddkmwcb2RnIuOp0BWXzlKcG7WDpm35YNyfknuta8+7bDEl4WMLi7Y+Wd6TrB90AoEZiB\/UeSYimK+lpjkRzaG\/FiqFA9HpT\/hEsx0CaxgM+mL7xPhjvehZhPMyzbn9PrRctWwC5xXutlMmfU9hidfZLNMFMtX4EzLCQBbXVhvA72KtWskgjr9aUPyg8mQTPDVgM67r0bdh9sx8n\/bimwSXphLfyvlsCVxPQIzUQQD\/7dvE6Sr\/hVh\/FWZpQIOrY+g6bue6nlHRrFQtCXI\/68aPXACWeFwCl3MODUrPdq5YrBybc9qRCJ2K3\/0d6LTTRK7KOjiJ9PjpCw2dAiiJmwjFqOOBIYela10KYMpxrlYz7zVQISaENRs8BR\/xTAltPYDoyVPg147OUBW90dZp6qMYnJiDkyrzbqm0fxCHcf83Tsf1JRicPvYvaztPWPYT1lsE0e3pvSxRy29UjzZG9PmeCqc0nMd7VyDxCWzvDVB7yc+Pf8+LlZysIee+yXAZ3g2PqTvjlge3Ri4HA6RPZAiLcdA07Gt8yWj8dK5ZRN0jZBc2G1mnNv4sRRhzpd6vXwpvnTgfmG\/Qw+y7iH\/GxAaPPtIiBCvY6zB\/TGVs3CkNFWK12r25ymFuOJ+upvxtTFIyqnXYiAXrGcReCZ4wxuiooGL\/QqlHs9X3J+\/QMB7xyRbJfxxM6Y3JhHul\/eleeeOQVdMzsvK8OVYtp3MjkwdLGRUzp9Eru0lr0yLhiUFzf8dUucbtZ5i+O+MU8IXmNYRT\/MDMyBw\/1rJUBH1Daiar6yXVgKSbG5Un0+\/ywdUcKzJfo4XB9cEJ9FTX8dp6eZAMqeRbtgogcGGnJEHDTzuXPtYa6ePCilvRHbSEun4xvgPyOPEm2GPmDAG96Fp+dMCpD8rUIvRMvImKwoKn3HQwVEHTUwRfDc1wuytjlEEE8fby\/18lPLUPHmKJhtz4tIcSCgq2qpzUVt5f\/pvFUw+08fizkvKDsk25klBk5m\/W8+T6fHZDK\/R4Rlj01K73w99Wcc0dYM7fasjOG0LEzXCzHcVjBcphD1tAEj0kjpbIxsGY4JGqPv\/3ScKNxpVCt2CuJq7bE86wWFX9PZPFgTtq+WRRe4A2\/ucSVcXNWWQx\/X+Ue8l1MKlRUnNgionXvLixu8irFn+EKLixkMHicWUTbTt2XF+CnOjiwEqhsASjUiP9j9q3nVyfXeaVb3L4q3u\/0q\/xrCeYASsQCqfSS9dC\/G2ZfW9SQO67nmZ1F3tupLls+jQrD0TpH8uO7fODDZkLIW3nFnp8cPZvZPHLgktOiTsAGSpNlA5+pB0DMRwvtfMbskMV4+goQs2RBamAN0InoVEmcH3azKgihizr7d6+2FVybdZqa3PtX1nGbtKgylhmBvtgsb3KMK7+9fs7HEI\/x0g5atBupP47BcePo+Uu1OYmwbSWEKRj\/ABJdpMus+4utTKs5Qf5Z15Pi8TI4ZQbjP1YN9UTEn3vb55\/yqsq5JwKWak4k1w9Fv2W0LeK\/ZczGoIytXoFM66QXwF0H0cf59lpcS8S6rO0llzfLCisAvllLT7tnnIqu15SGmrCkoNENLP2Edth83pyekch7vQyysPf\/Na6hQouCFgfFs9G7Q3csrOQFfMT5jAIZ9ysrPVpOXtl+8ghaniqwliGlHnTFa1ei02vuD2yXYbdif2MMMT8W5NO7DDM1A5GUkKIeEYTE0FwSrdBCZfAqZPoDhM2R1tI+LmP5k\/7yrniQFEfB26B8IGMwi3n3xkDVZbeOpyQRTconderBfTCT6q1oO7SAI1JOk46IDuAUdLiFTwOl6tEUWZ\/p72PooLk5UcMxSy3DV\/x5sBr5YI2\/MTwNAL2V1gqUx5yuSpzxfer2lEj3Nz1MhjdWFtu1tT3QxyEXltUAK62zw1QBniq7TrNvxmC2LFLmzmvW7ryORJrFfo8Y8wgLd\/DEfP9EB0A5kR44BVNF8xJeqrCKZr9O+cB9cucR1tIqCSiMj13tffXU1Kr04yKnJwraHSP9lXTThZqMwsWIMtIH48Q7uBQnTDdz1a7ReFRpurjFv3YRelSghFJW46iIqCSdG8sZO3rcNR5MfOE669dZRI1jHcSZAbUve6BVadjDA+HT5eYaGcGHMM9+X2LrQOm4rXC8q3551QuZM8\/2eJXmb6niaSj2R6kS5szAicfzxzpRE\/a5rvTsGCp+Uol\/uxKaX+Ux4zWb6KMxkrVm2Hx4LelMiBcyz6PeEDuVz1SUEUOrF7D7xSdcGb2v0HDzOiesYTZ6uGbTfndCM4POCDblEI\/xyMg36An3S6PLISEAKQHr\/3FIcTbWlQcTtoIg8ANm2qLxYwhUZ1H6vWb6kz9KqswOQgItLhjzS8OrR3F9bkh3HepMxRUJqhYegNBLKmW1CmstB72moHjmzeztpfIJj486trQB6FoByYgCVLaHN7Ya4VJgCwE2LvEAV\/9HfHWmuFrb3J\/YxqNVCMsYpjDeSzBDLeeb1G\/WswAsfRB7maJ3ImrqY8D7AW61qGjwYgr4rVPqdUnoTK2Xd3ybHSRmQEHfU2OsdsVbYgIJgAaGMcWpOLzWQly+nA+QgY6lCfQHu6GqefSMtSO36tD7RaT4NgxhFbhiwuRn+AzhKkNl6mpk68lK3Gq5xC5T5YG+HYESU11Hc6sHnqRiaX+tLSxnl8gq6BmCLtQq85NG5FSajMq5Dyt0\/7mQ2Ni3frxQIA4Apdn2hPDQTPoRjY0qBwtS4e1Rd9\/VSnc16CHI0AxSEYDY9aoluPHCHhDInSIGj41qaA4Od7jyhzbp+xgTdHXO7H+qXU1hofM\/cTYCiisTgKNQRd7LPqICLeh3R\/CekcDFY6tj5Eg42qmLZ0G4F9cx+7hcxFG53LLViTqDJEpqCqi6KrWodso5\/6qDYg6d40M8mGvnMHQaXCuxNAqUGNcTUrzgq+3Z8lFZgedaQ4NBqFSBR4XcqX5LDZXcOkWUD7rVSyqTCwJSUlC9uFx+O\/2ciosKh06Zku4BSz8dKxdm5IvA2QjU76k+SUsLZmT48CnQLMND4jP9\/TqeO\/sZmNZbnolN\/tBshtPR\/XxTQjjdM4RW04z4XA3dpVjq4jNxP9uq9gysmfZvPFT3CkzDhUynptKpsvpaEw030ZD0DKci2Ii0OHTa2sc0QqDGcbOpqVg\/zuoLcwpuQ8M25q+LcGBn1YGVaKTJmTPkrg8KMr2UcP708WnlY0c\/yDd\/Sfv7rAxIA2t21exNLOv\/JqH+oUFrjJRoKowVZSwnBzBYiYSryYquQwjMWOHidI5k7csmVGwxAgRods1UQZ96FrpZjXRKbFCLL3nJ7g0hO2gIDRuLJcvjdSuKXivr65cpPfmpRYI1o8toe3Q9P8kH1o1e63oAw2rS8MKEIhGE9DyW903gGsCIAY8o04rz\/JOY7boYoan9uq34MSn\/a58Tab46a954ao6VOohQk0JEbnf983y56cKnEd7w3I\/ascPSryX12pBG5ir80IyTobMvLD6hqTiuIld\/3acY6ACTXQgewEDsO7f2zwe1jN3c+tFL28s2C0mVi57+ARDWRIyqxUgJickRKs92wOjPkPLaYl2SeTAjUqLFPcW0pnBcFNFYr35Ho4v2fXsFTtHGc2mvGwxHwLZ1aSYlvC0KNyEfstbNJfgh2AIrLyk0R\/SYrNYMn\/hBpwTXtb0nBTAGynDE\/ILgWaZFOl4Gs\/21Jyxz2H0WDsFqaRid6tI+mMc9cpC0F7tQCer0aGBHNuWqASZzmG\/Qy5vEDgjAAGjb8Vc62ApU0WpUhhj0IKGhd4xBeea2gwOsSwUTRNFCvzE7O4Y1LuZR6TjgTjQmxKPimTQ1NW6JBdi68yJaj1Qp51KITpv9\/ZxTRGV+cSQFMYSy798HecgWngW1uCxXVvewX1TT84zGfoaPIaPHQhcR3\/sIxqEyGLNBs47Vc1Cj\/4pAgelyCUqd42Gq+zWHqY6yT65PLfemjtEfqvGlWuLFQuTOyJkhRJm4AVm\/py4CqrbvaQSFruvuHQsSY1i7dqLdCtPUfo+DJfhbU\/l8Fh4MZ138gEj877wPo2WRW5p33ktRcP1+qT0LZnQ8zSM83CGxEXAt+id5dHuRz+gQhLeaIb5Yfhj447kwm27AddVZgO+e4VnKSGLfymD6O8BNTU2+mguqGvRzKdGekVrU3KVywqkPe7MdLDfIghQ7BVOgCnZo7j\/576UKrbx+5bG0MWBqCSM57JYlSRLlIOB3lf7mBedzW4yGSvXRLqyecEd0Q9bkwtM47iLdRYOSi78IQ5KxckQml2O5vCXRrj8SGseH+5w8pjS7zAIhGYWDSc0lr90BDt8bIdBIliZ5dZAI37oH+QFiUl7ZknKV5b2nKA+FQmFyuByaOoASdu92Nt+gkNb9vlbd9njmAVnQ3MZIrY+oeQaC1DuaubA9hyFPil2rx2JlrYjq31i3Yq237tnZBUaoDdq8ukkoLxUYcNBK5qjKlZ9XU0BaPTNSVt193aqQwNPnWXqxGXCnwJUtidVlmhKoVDfdHprSONWPN3PClfcKkkkaTvd98HZ07X7nw\/LvgF5DENgx8cwHPA438+E8eR+YCkHIAmvjNHV7OvfWg3VI0YJvFvwaj9odcGzGNFFnp43bv5fxi0mg172pAWnhavQOXKnJx716gkGgm8MPwnY3kMjxOVVpxQjQ2YvZdFb+MzZpuxZSJWTR5piO6\/7XmmoP3mmUZ6VQivoEwXnpcZyGmg\/oEERXlkxewfo7y3EqBKXDfTaLhe9yFEJppU4a6SpZHBNaXyC4lFBmijzn5MLdNiyzGTrwnNLI+nEFARnC8aCcSC+CHSbrJwctqEseZ5LZfhbJjkgVuuD1qjq8KoQsnj2Q5g2vwIUl2aQ67CKMd\/qMnEnpdMoEVw+JCumLdp9+NV8kX1Dd7bk8xw05otpAHpr5bphsI+2\/Cu0vrOFI\/864lg+5KM3P55ij29+NtjrLp\/Shyzg9RvuXGxXilxHPGjmIIyGZNe8cEdhfhmDDT2Iier2vUDcwaRxq0xeTj+RNGALCUuplrO4w1k6dJ1dvVEF5nuQutKhL87rBUkIKeRCfLZp9\/NLDXGoMZQugnyxG8EWDRKCxGAwW9TUHiLrh\/cr4Wqs\/B4nzn36nqtDtzRBXvlt+0hAVVNDlwqZjkhrCmFlU1i9LqVvyCkfBv4mawuPR1LNXO\/5PIZpVP602iDuUpTV5U4qROzpXlOZB+gFKD8VFLpEHTtzHI3P7pHwoYPQUjoTWLlfRx2olh+5qu0z1hxAlfyR1nx047bkAbwyG+US6UiH\/r2jN5VY\/Vdkq1mIW3WfeEUG13kDtyHvY2+1GipxRlzT0RZUjr2ALNTnMgY94dUPT51DPdDat\/7j42Aay3Dnn9\/PDyzmyVEgJpxk\/Uo4HkTcXbwQ0m6PLF\/p4WpDN7QtfdoWCTa8RpeSMqpSErtahDw6kdQqOpR+vdSDgnhBcoAjzfPmo9JtWEt2x3b1KvB7ojUqHvnSwT0Q4RtWAMpFRNrPGnCTk65EQmj6yLWPJMx06jAXT\/mXSFlZaS3izSuRk0C22CSIG8eldfOaDEiHgVW\/DVgD5RvMB4tkp+Ceit7xRizZYSw==","iv":"5e257b4344fb26f5582ff7dd35a2c1a7","s":"1a37447449696d02"}
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