LVMH, the world’s main luxury conglomerate, missed gross sales

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Recent gross sales figures underline simply how far demand for luxury mega-brands has fallen from its post-pandemic highs. In July, some of the industry’s biggest players reported disappointing revenues for the second consecutive quarter. LVMH replica bags online, the world’s main luxury conglomerate, missed gross sales estimates, whereas Gucci’s mother or father firm Kering replica bags, experienced a decline of 11%. Other major manufacturers like Richemont and Burberry additionally reported disappointing figures, with first-quarter gross sales plummeting by a staggering 20%.

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