EU CONSUMER CYCLICALS: LVMH | FT on Job Cuts
May-01 16:08
Headline tad misleading, the wines & spirits division has been underperforming for some time now (-17% from peak '22 sales). Re. Luxury slowdown Prada, Hermes and Moncler have all reported positive growth over the 1Q.
"Moët Hennessy to cut 10% of workforce as luxury slowdown bites" - bbg
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