LVMH Slumps on Concern Over Fashion, Leather Goods Slowdown

LVMH Moet Hennessy Louis Vuitton SA fell in Paris trading after slowing fashion and leather-goods growth suggested that efforts to turn around its biggest brand have yet to take hold.

Revenue at LVMH’s fashion and leather-goods division rose 4 percent on an organic basis in the first nine months of 2013, the company said yesterday, slowing from the first-half’s 5 percent gain and trailing the 6 percent estimate of analysts.