business / news / / Reuters
LVMH said the conflict shaved at least 1% off global group sales.
LVMH reported the Middle East conflict reduced global group sales by at least 1 percentage point.
KEY POINTS
- Mall traffic in the Middle East dropped by an average of about 50% for LVMH.
- The Middle East typically accounts for about 6% of LVMH's turnover and is highly profitable.
- LVMH expects a larger impact on profitability from the conflict than on sales.
COMPANIES
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