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LVMH Relinquishes Place Among Europe’s Top Five Biggest Stocks

The French conglomerate’s shares fell 3 percent on Thursday, taking their decline this year to 25 percent.
LVMH Chairman and CEO Bernard Arnault currently intends to hold the stock only as an investment.
LVMH chairman and CEO Bernard Arnault. (Getty Images)

LVMH lost its place among Europe’s top five listed companies as the luxury-goods maker endures its worst year-to-date slide since the 2008 financial crisis.

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