
Dior Is Still Warm. LVMH Fashion Already Cooled.
Fashion & Leather −5% organic in Q3; Dior named a relative outperformer.
Review heat and the Fashion & Leather line are not the same table.

Fashion & Leather −5% organic in Q3; Dior named a relative outperformer.
Review heat and the Fashion & Leather line are not the same table.

Leather still double-digit; RTW accessories and APAC cooled first.
The queue remains. The growth rate is no longer a myth.