News Summary

• LVMH reported first-semester sales of 38.6 billion, with accelerated 3% growth in Q2.
• Strong performances were seen across watches and jewelry, selective distribution, and fashion segments.
• A significant slowdown in Europe (-1% H1) was offset by robust growth in the u.s., Japan, and Asia.
• LVMH shares have declined this year, but there are early signs of a turnaround and the luxury industry could be on track for growth this year.