Shares of LVMH Moët Hennessy Louis Vuitton (LVMUY) and Moncler S.p.A (MONRY) are trading higher in Friday's session following LVMH's acquisition of a stake in Moncler. Wall Street is viewing this move positively, especially in light of the sluggish demand that has been weighing on the luxury goods industry.

Catalysts co-hosts Seana Smith and Madison Mills break down the details, exploring the overall slowdown in the broader luxury sector.

For more expert insight and the latest market action, click here to watch this full episode of Catalysts.

This post was written by Angel Smith