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LVMH’s critical fashion and leather goods division reported third-quarter sales down 5 percent, missing the expectations of analysts who had predicted between 0 and 2 percent growth.
With unrivalled marketing budgets and a global edge competing for retail estate and talent, the Louis Vuitton, Dior and Loewe owner typically outperforms the luxury sector. Slipping sales at the conglomerate could signal even tougher times ahead for smaller rivals.
Group-wide, third-quarter sales fell 3 percent…
