LVMH hit by growth slowdown amid fall in demand for high-end drinks

Rising inflation and global instability also blamed for drop in revenue growth in third quarter

Rising inflation, growing global instability and falling demand for high-end drinks have been blamed for a slowdown in growth at the luxury goods multinational LVMH, owner of Christian Dior, Louis Vuitton and Moet & Chandon.

The group, whose brands also include Stella McCartney, Tag Heuer watches and Bulgari and Tiffany jewellery, reported revenue of 20bn (17.25bn) between July and September - a 9% rise. That compares with a 17% increase in the previous quarter.