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LVMH

LVMH Q3 Sales Drop 3% Amid Fashion & Leather Goods Slowdown

On September 15, French luxury conglomerate LVMH (Moët Hennessy Louis Vuitton) announced its third-quarter results for 2024. Although overall sales reached €19.076 billion (approximately $21 billion), organic sales declined by 3%, falling significantly short of analysts’ expectations.

chanel

Chanel Announces New Circularity Platform “NEVOLD”

On June 9, French luxury maison Chanel announced the launch of “NEVOLD,” a new independent organization dedicated to promoting circularity within the fashion and luxury sectors.

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