PARIS, Oct 18 (Reuters) – Shares in French luxury goods companies LVMH LVMH.PA and Kering PRTP.PA fell on Monday after weak economic numbers from China, a leading market for many of the world’s top fashion companies.
Kering PRTP.PA was down 1.7 percent in early trading while LVMH LVMH.PA retreated by 1.3 percent. Rival French luxury goods company Hermes HRMS.PA also fell 1.2 percent.
China’s economy grew at the slowest pace in a year in the third quarter, hurt by power shortages, supply bottlenecks and sporadic COVID-19 outbreaks.
(Reporting by Sudip Kar-Gupta Editing by David Goodman )
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