LVMH (MC FP) CEO says global market is difficult and disturbed; this year unlikely to be very straightforward; see improvement of trends across activities

• Louis Vuitton Beauty business was off to a good start and keeps growing double digit.
• Arnault Family will have more than 50% of LVMH equity soon.
• Short-term visibility is poor, but remains optimistic on the medium-term outlook.
• CFO says there was an incremental slowdown with US client, mainly due to comp base, while China trends were stable.
• Head of LVMH wines and Spirits says sales decline is due to the economic context, not structural; demand in US is declining across the product range.

LVMH's CEO highlights challenging global market conditions and a lack of short-term visibility, signaling potential headwinds for luxury goods. While positive growth is noted in their Beauty segment, concerns arise from a slowdown in the US market and a decline in wines and spirits attributed to broader economic issues rather than structural changes. This mix of optimism for medium-term trends against current difficulties suggests caution for investors and may impact valuation and sector sentiment.