Editor
Louis Vuitton- and Dior-owner LVMH reported first-quarter sales up 3 percent on an organic basis, confirming fears that luxury demand would continue to stall as slowing economic growth, a renewed emphasis on travel and experiences and customer fatigue with logo-heavy merchandise all take a toll on the sector.
The result was in line with analyst estimates but lower than projections for global inflation (expected to be 5-6 percent this year)…
