LVMH dethroned by Hermès as world's most valuable luxury stock after sales miss
Publishing timestamp: 2025-04-15 07:26:05
Summary
LVMH shares plunged 7.8% after unexpected decline in first-quarter sales, losing its position as world's largest luxury firm to Herms. Sales were below expectations, with wines and spirits suffering the sharpest decline. The luxury sector faces headwinds from trade tensions and economic uncertainty. Luxury brands may be able to offset tariff impacts by repricing goods for wealthy consumers.
Sentiment: NEGATIVE
Tickers: KER-FR, BRBY-GB, NOVC-FF, MC-FR, CFR-CH,
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