PARIS Luxury goods bellwether LVMH reported a 9% rise in third quarter revenue on Tuesday, marking slower growth as inflation and economic turbulence dented shoppers' appetites for high end fashion.
LVMH, which owns labels including Louis Vuitton, Dior, Tiffany and Bulgari, said that revenue came to 19.96 billion euros ($21.16 billion), up 9% year-on-year, on an organic basis.
That was slightly below a Visible Alpha consensus for 11.5% growth.
The fashion and leather goods division, home to Louis Vuitton and Dior, recorded sales growth of 9%, compared to analysts' expectations for 10% growth.
($1 = 0.9433 euros)
(Reporting by Mimosa Spencer; Editing by Ingrid Melander)
