Here is a 100-word summary of the article:
Luxury goods conglomerate LVMH reported a 2% growth in sales in Europe, while the US saw a 3% decline, marking a deceleration from last quarter’s 3% growth. Perfumes and cosmetics, watches and jewelry, and wines and spirits were down, except for fashion and leather goods, which saw solid growth. The company expects to mitigate potential risks from US tariffs by ramping up US manufacturing, but this will take time. In China, trends were consistent with last year, and the company is adapting to a normalization phase in the cycle, with a focus on maintaining costs and investment in products and brands.
