War in the Middle East is curbing demand for luxury goods from LVMH.

1 report, 1 independent Updated Sep 14

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What happened

Some supportReported by 1 outlet

Who's involved

What this event is mainly about

LVMH Middle East

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Part of

Fighting in the Middle East is causing rising prices and dampening demand in the industry sector, specifically affecting poultry and livestock markets. All 2 developments

The entities involved

LVMH
French multinational luxury goods conglomerate
- Global luxury market growth is slowing amid economic uncertainty, with LVMH securing 24.3% market share.Thu 22:16
- LVMH acquired Celine to manage its luxury market presence, while Michael Rider gained experience leading the revitalization of the Ralph Lauren brand, guided by Phoebe Philo.Wed 23:04
Middle East
geopolitical region encompassing Egypt and most of Western Asia, including Iran
- A US Air Force base in Fairford, located near the Oxfordshire border, is being utilized due to actions in the Middle East.Mon 17:54
- Authorities are investigating an incident at a base in Fairford, with possible links to Iran and Russia.Mon 17:54

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Coverage

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Sep 14thedrinksbusiness.com