LVMH CFO says Chinese luxury shoppers remain subdued
LVMH CFO Cecile Cabanis said Chinese luxury consumers remain cautious amid a difficult macro backdrop, while fashion sales fell 5% year on year.
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what happened
According to Newsmetry API, Chinese consumers are staying cautious amid a difficult macroeconomic backdrop, Cecile Cabanis, chief financial officer of French luxury group LVMH, said. The company owns the Louis Vuitton and Dior brands.
LVMH’s organic group revenue growth slowed to 1% in the latest quarter, while sales in its core fashion division declined 5% from a year earlier. “Newsflow has not been particularly good in China this summer,” Cabanis told analysts on a conference call.
She said the situation had led to subdued sentiment among Chinese luxury shoppers. “We hope it will subside, but we don’t know when it will,” Cabanis said.
why it matters
The weaker Chinese demand backdrop and falling sales in LVMH’s main fashion division highlight pressure on the group and the wider luxury-goods sector.
instruments
sources
- Chinese Consumers Look Cautious, LVMH CFO Says — Market Talk — Newsmetry API, 12 October 2026 at 16:45 UTC
prepared by the newsmetry newsroom with ai assistance from the sources listed below. not investment advice.
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