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LVMH’s Q1 sales drop highlights luxury is under pressure

LVMH, the world’s largest luxury conglomerate and a barometer for the broader industry, reported a 5 per cent decline in earnings from its fashion and leather goods division in the first quarter, casting a long shadow over what was expected to be a year of cautious recovery. The French giant’s challenges may well extend into the second quarter,...

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Sephora opens seventh UK store as demand continues to grow

Sephora, part of the LVMH Group, has opened its seventh bricks-and-mortar store in the UK at Bluewater shopping centre in Kent, as the beauty emporium continues its rollout across the country since its relaunch in 2022. The 4,593 square foot store, located on the ground floor of Bluewater, enhances the beauty offering at the shopping centre,...

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