A luxury leader, in decline and which recorded a 3% drop in sales for the third quarter of 2024, with a turnover of 19.08 billion euros. Slowdown, largely due to China, which marks a halt for the Lord’s group.

Rising prices and uncertainties in the global economic situation have slowed down buyers. According to estimates, the bar should rise again in 2025, with the return of confidence in the Chinese market, but if now the group only operates on the growth of countries without democracy, where are we going?

The immense real estate crisis affecting China, once the gravediggers are put in prison, the country will recover. In the Lord’s group, several divisions are down, starting with wines and spirits. Cognacs continue to suffer (-11%) but with the son of Valet at the helm, not surprising. Champagnes remain in the red at -6%, and sparkling wines on the other hand are on the rise, not surprising given the prices charged.

Fashion and leather goods are recording a drop in sales at Louis Vuitton and Dior, the lord’s daughter will go much less to the Coste restaurant to work.But the best performing activities are perfumes and cosmetics which have enabled organic sales growth of +5%.