The Financial Post reports in its Thursday, Jan. 29, edition that LVMH had a poor Christmas and indicated 2026 will not get much better, dampening investors' hopes of a luxury industry rebound. A Bloomberg dispatch to the Post reports that LVMH Moët Hennessy Louis Vuitton SE, previously one of the most reliable performers in the sector, posted a worse-than-expected 3 per cent drop in organic sales in the fourth quarter at its main fashion and leather goods unit, which includes Louis Vuitton and Christian Dior. Three of its five divisions missed estimates in what is traditionally their strongest period, with a downbeat chief executive Bernard Arnault telling investors 2026 is unlikely to be straightforward, and that the group would limit spending this year as a result. "I think we'll make it through the winter," Mr. Arnault said, using gallows humour. LVMH shares slumped as much as 8.2 per cent in early trading on Wednesday in Paris, the biggest intraday drop since April. The slide pulled down the broader European market. LVMH shares were down about 21 per cent over the past 12 months through Tuesday's close. With the results, hopes that the luxury segment is crawling out of its post-pandemic slump have been dashed.