Editor
LVMH’s sales growth softened in the third quarter as shoppers reined in spending on high-end Cognac and costly handbags, more evidence the post-pandemic luxury boom is waning.
Organic revenue at the French group’s crucial fashion and leather goods unit — which includes the Louis Vuitton and Christian Dior labels — rose 9 percent, the company said Tuesday. Analysts expected an 11.2 percent increase. Sales at the wines and spirits unit…
