Louis Vuitton sales slow down in Europe, China

Louis Vuitton sales in Europe have been hit by a drop in demand, particularly from Asian tourists, while China has been sluggish with no sign of improvement, its parent LVMH said on Tuesday.

“At this point in time, we miss demand from the Asian part of the world,” LVMH chief financial officer Jean-Jacques Guiony said about Louis Vuitton’s performance in a conference call with analysts and investors on LVMH’s first-quarter sales.

via Business feed http://www.scmp.com/business/companies/article/1216610/louis-vuitton-sales-slow-down-europe-china