On the evening of October 12, at the 2026 Q3 earnings conference hosted by LVMH Group, LVMH Group Chief Financial Officer Cecil Cabanes discussed the impact of the Jasmine Milk White lawsuit in China. Cecil said, “It is difficult to accurately quantify its impact. But overall, the incident did have a negative impact, at least at the beginning of the quarter.” At the same time, it stressed that LVMH Group will not stop investing in the Chinese market due to the jasmine milk white incident.

Disclaimer:Webull uses external vendor Google Translation Service for news translations where we endeavour to ensure these are correct, however, we recommend that you please double-check this information accordingly. Webull is not responsible for translation errors or issues.