Barclays expects organic sales in LVMH’s core fashion and leather goods division — a bellwether for the industry — to decline by 1 per cent in the first quarter. Bernstein analyst Luca Solca stuck by his reduced estimates for the sector as a whole in 2025, even after Trump on Wednesday announced a 90-day pause on his “reciprocal tariffs” for countries that showed willingness to renegotiate trade agreements with the US. After a historic boom during the pandemic, when consumers splurged on high-end handbags and alcohol, luxury has been stuck in a downturn as middle class shoppers rein in spending and China’s economy falters.
Published at: 2025-04-14 22:27:00
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