0822 GMT - LVMH's fortunes in the months ahead should remain strongly correlated with industry trends, Jefferies analysts write in a note. It remains tough to construct a compelling case for luxury, or the French conglomerate, they say. The sector continues to face a slowdown in demand for high-end goods, particularly in China, which drove the industry's growth for years. Despite this, Jefferies expects LVMH's key fashion and leather goods division to report improved trends for the third quarter, with a less pronounced decline in sales than in the prior quarter. "The overall uncertainty about consumers' willingness to spend at the higher price points in the U.S. and Europe and the extent to which the less affluent Chinese consumer will rebound, will be critical," they say. Shares fall 1.2%. (andrea.figueras@wsj.com)

(END) Dow Jones Newswires

September 05, 2025 04:22 ET (08:22 GMT)

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