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LVMH Drives Luxury Stocks Down After Results Disappoint

The French group said sales in the key Chinese market grew in the quarter, but the results ‍were less encouraging than expected in the ​wake of more upbeat comments on China from Richemont and Burberry ‍earlier this month.
A steep sales slide at luxury bellwether LVMH’s fashion and leather goods division points to broader challenges ahead for the industry.
The Louis Vuitton-owner said sales in the key Chinese market grew in the quarter, but the results ‍were less encouraging than expected in the ​wake of more upbeat comments on China from Richemont and Burberry ‍earlier this month. (Getty Images)

LVMH

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