LVMH Q3 growth misses forecasts, fashion sales drop 5% on weak China

LVMH reported 1% year-on-year revenue growth in Q3, below analyst expectations, with its core fashion and leather goods division declining 5%. The miss is attributed to weak demand in the Chinese market, signaling continued softness in global luxury spending. This suggests a broader slowdown in high-end consumer demand, particularly from China, which may weigh on luxury sector earnings and related equities.