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MC — LVMH Moet Hennessy Louis Vuitton SE News Story

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LVMH shares indicated lower as China weakness weighs on sales

LVMH shares indicated lower as China weakness weighs on sales

- Shares in LVMH LVMH.PA were indicated to open lower on Tuesday after the luxury group missed third-quarter sales expectations, as weakening Chinese consumer sentiment weighed on its key division, home to brands Louis Vuitton and Dior.

Traders called LVMH shares opening down 3%. The stock was down 2.7% on Tradegate platform compared to Monday closing in Paris.

Rival Richemont CFR.S was down around 2% pre-market.



(Reporting by Jakob Van Calster, editing by Anna Pruchnicka)

((jakob.vancalster@thomsonreuters.com))

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