Luxury goods shares fall as China slowdown hits LVMH
Luxury shares tumbled on Wednesday after industry bellwether LVMH reported a bigger than expected fall in quarterly sales due to weak consumer demand in China. Shares in Paris-listed LVMH, which is controlled by French billionaire Bernard Arnault,
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I think it would be a mistake,” said LVMH CFO Jean-Jacques Guiony during the company's earnings call this week.
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