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Luxury bellwether LVMH drops 8% on sales miss, dragging peers down

  • LVMH reported a 3% revenue loss in its first quarter of 2025, generating $23 billion, which was lower than expected by analysts.
  • Cecile Cabanis, LVMH's CFO, mentioned that the company is considering moving some production to the US due to potential tariffs.
  • Shares of LVMH fell nearly 8% after the sales miss, affecting other luxury brands like Kering and Burberry.
  • Despite struggles, LVMH continues to see growth in Europe and excitement around new product lines, including Louis Vuitton's cosmetics.
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BizToc broke the news in on Monday, April 14, 2025.
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