LVMH sales growth slows ahead of looming Chinese virus impact

Pedestrians and shoppers wait to cross a road in front of a Louis Vuitton store, operated by LVMH Moet Hennessy Louis Vuitton SE, in the Central district of Hong Kong, China, on Sunday, Oct. 27, 2019.

PARIS: LVMH’s sales growth slowed at the end of 2019 after protests sapped the Hong Kong market while luxury-goods makers face another threat from the viral outbreak in China.

Sales rose 8% on an organic basis in the fourth quarter compared with an increase of 11% in the third quarter, Paris-based LVMH said Tuesday. Analysts expected an 8.7% increase, according to a Bloomberg survey.