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BURBY / Is Burberry in trouble following LVMH sales miss?

Is Burberry in trouble following LVMH sales miss?
Louis Vuitton Moet Hennessy (EPA:MC), the luxury goods conglomerate, missed revenue targets by about 4% in the third quarter as the high-end goods market experienced a slowdown and with shares slipping close to 6%, analysts are expecting further troubles to ensue. Prior to the results, JPMorgan Chase & Co (NYSE:JPM) claimed that while headwinds facing LVMH are likely to be felt across the whole industry it did not believe a full read across was viable for companies like Burberry Group PLC (LSE:BRBY), which is down 2.5%, and Gucci owner Kering because they are currently undergoing a transformation plan. Read More
Posted: Oct 11 2023, 09:37
Author Name: Proactive Investors
Views: 112486

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Is Burberry in trouble following LVMH sales miss?

By Proactive Investors
October 11, 2023

Is Burberry in trouble following LVMH sales miss?

Louis Vuitton Moet Hennessy (EPA:MC), the luxury goods conglomerate, missed revenue targets by about 4% in the third quarter as the high-end goods mar more_horizontal

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By Proactive Investors
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By Proactive Investors
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