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LVMH Shares Fell Most Ever in First Quarter on Luxury Slump

Shares of the luxury bellwether fell 28 percent in the first quarter as the war in the Middle East clouds the global economic outlook and intensifies demand headwinds for luxury goods.
The Louis Vuitton flagship on Avenue des Champs-Élysées in Paris, France.
The Louis Vuitton flagship on Avenue des Champs-Élysées in Paris, France. (Shutterstock)

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