When the world’s biggest luxury brand reported a slowdown in sales growth, it marked a reversal in the boom seen in recent years in spending for high-end products. The company is now eyeing (literally) a deal that could get it closer to entry-level shoppers to diversify away from purely luxury brands.
LVMH, the French conglomerate behind Louis Vuitton, Tiffany & Co and Dior, is buying American sunglass brand Barton Perreira to help the luxury giant expand into the mass-market, The Wall Street Journal reported Sunday.
