LVMH warns that the Iran war is impacting sales, dealing a blow to hopes of luxury market recovery

Sales in the Gulf region have declined, and many affluent tourists from the area have also stopped spending in Europe. LVMH stated that even before considering indirect impacts such as a downturn in the tourism industry in other regions, the military conflict between Iran and US-Israeli forces had already caused about a 1% negative effect on the group's total sales. Expand