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Latest news with #demandslump
Bloomberg
6 hours ago
- Business
- Bloomberg
LVMH Slump Heaps Pressure on Arnault
Luxury goods maker LVMH is reeling from a sharp downturn in the €364 billion ($417.5 billion) personal luxury goods industry, with Chief Executive Officer Bernard Arnault contending with an unprecedented demand slump in China and the threat of steeper US tariffs. Angelina Rascouet reports. (Source: Bloomberg)
Bloomberg
14 hours ago
- Business
- Bloomberg
Erratic Weather Is Hurting Indian Firms in The Biggest Consumer Market
By and Satviki Sanjay Save Some of India's largest companies, already hit by a demand slump, are facing a new threat in wooing the country's 1.4 billion consumers: unpredictable weather. A cooler-than-usual summer this year — followed by the earliest onset of rain since 2009 — has hurt companies selling everything from talcum powder to air conditioners.
