LVMH drops 8% on sales miss as geopolitics hit wine, fashion revenues; Kering, Burberry fall too
Shares in LVMH dropped 8% on Tuesday morning after the French luxury giant reported an unexpected fall in first-quarter sales, triggering a sharp reaction across the European luxury sector. LVMH, which owns flagship brands including Louis Vuitton, Moët & Chandon and Hennessy, reported a 3% year-
Apr 15, 2025