LVMH reports muted sales amid hope that the luxury downturn might finally be ending
“Today, I’m not going to report record revenue, but it was nonetheless a robust year,” CEO Bernard Arnault said during the earnings call. Read More
downturn
LVMH sells Stella McCartney stake to founder after downturn
The luxury group is cleaning up its portfolio of labels amid a downturn for high-end goods. Read More
London hit by record downturn in affordable housing
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. London is heading into the worst downturn in affordable housing supply in decades, as inflation, high interest rates and building safety costs hammer the finances of housing associations. “We had been warning the previous government … Read more