LVMH Sales Are Slowing Down, But Chairman Bernard Arnault Remains "Quite Confident"

LVMH Group, which owns brands including Louis Vuitton, Dior and Tiffany & Co., reported that its fourth-quarter revenue grew by 9%, marking the first time that the luxury conglomerate's quarterly growth rate has slowed to single digits since 2020, according to Business of Fashion.The figure represents a slowdown from a 20% growth rate in the first nine months of 2022, though it still exceeds financial analysts' estimates of 7% growth. Across the entire year, LVMH Group's revenue rose 23% to €7...