Loewe is also affected by luxury slowdown: profits down 24%

Loewe is also affected by the slowdown of luxury, and although sales continued to grow last year, 2024 ended with a sharp drop in margins. Over the past three years, LVMH, Loewe’s parent company, has collected 450 million euros in dividends from its Spanish brand. Loewe suffers from luxury’s slowdown Loewe SA, the company that…