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LVMH big dump 8% The world's most valuable luxury goods company status changes hands
Jin10 reported on April 15th that LVMH’s stock price fell by 8% on Tuesday after the world’s largest luxury goods group reported first-quarter revenue that fell short of expectations, due to a decrease in purchases of beauty products and cognac by American shoppers. Hermès has surpassed LVMH to become the world’s most valuable luxury goods company.