Bernard Arnault’s Net Worth Craters by $77 Billion as LVMH Stock Crashes
Bernard Arnault, the richest person in Europe, is having a bad year as its net worth plunges amid woes in the luxury goods industry.
Economy · News reference
LVMH Q3 Sales +1% Organically To €18.50 Billion; Q3 Fashion & Leather Goods Sales -5% Organically To €8.25 Billion; Says Fashion & Leather Goods Affected In Q3 By Slowdown In Demand In China; Fashion & Leather Goods Continued To Benefit From Buoyant U.S. Market; Says Economic, Geopolitical Environment Remains Uncertain; Says Will Focus On Enhancing Desirability Of Brands
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