Reported 16 days ago
LVMH shares experienced their largest spike in nearly 25 years after the luxury brand reported a surprising return to sales growth, signaling a potential recovery in luxury demand, particularly from China. The stock surged 14% in Paris after a 1% increase in third-quarter revenue, breaking a streak of declines and boosting confidence for future growth. This positive trend lifted luxury stocks across Europe and reflected a renewed optimism among investors.
Source: YAHOO