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LVMH drops 8% on sales miss as geopolitics hit wine, fashion revenues; Kering, Burberry fall too
- LVMH shares fell 8% after Q1 sales dropped 3%, missing expectations.
- Weaker U.S. and China demand hit wines, spirits, and leather goods.
- Analysts warn of deeper sector slowdown amid trade tensions and recession fears.
April 15, 2025