CAC 40-listed luxury company LVMH Moët Hennessy Louis Vuitton, or LVMH (FR:MC) reported lower sales growth in its third quarter as the global luxury market faces a downturn.

At LVMH Watch Week, the company launched a new Formula 1 collection, with bright dials and chronograph movements. Antoine Pin, CEO of TAG Heuer, said the sales benefits from the F1 announcement ...