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

  • LVMH reported a 2% sales drop to 20.3 billion euros due to U.S. Tariffs impacting the global economy.
  • The wine and spirits sector faced an 8% decline, particularly due to lower demand in the United States and China.
  • LVMH's Chief Financial Officer, Cecile Cabanis, called for calm during these uncertain times and expressed hope for tariff negotiations.
  • French President Emmanuel Macron encouraged French businesses to halt investments in the U.S. Amid the tariff situation.
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BizToc broke the news in on Monday, April 14, 2025.
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