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The Party May Be Over, but LVMH Has Moves to Make

This week, softening sales growth at the French giant was the latest sign that the post-pandemic luxury boom is over, but chairman Bernard Arnault may be able to play the weak market to his advantage.
This week, LVMH reported softening sales growth, sending luxury shares tumbling, but chairman Bernard Arnault may be able to play a weak market to his advantage.
This week, LVMH reported softening sales growth, sending luxury shares tumbling, but chairman Bernard Arnault may be able to play a weak market to his advantage. (Getty Images)
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BoF PROFESSIONAL

This week, sector bellwether LVMH reported softening sales growth, the latest sign that the luxury goods boom is over as shoppers sober up from post-Covid, YOLO (“you only live once”)-fuelled euphoria, and inflation and high interest rates weigh heavily on discretionary spending.

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About the author
Vikram Alexei Kansara
Vikram Alexei Kansara

Vikram Alexei Kansara is Editorial Director at The Business of Fashion. He is based in London and oversees BoF’s luxury, fashion week, art, sustainability, global markets and opinion verticals.

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