LVMH Stock Dips as Fashion Division's Modest Recovery Fails to Fully Comfort Investors
Shares of LVMH were seen slipping in premarket trade after second-quarter sales did not provide clear evidence of a sustained rebound at its most profitable division. The fashion and leather goods segment posted a 1% currency-adjusted increase to 8.90 billion, its first quarterly rise in two years, yet missed analysts' 1.7% expectation. Management …