Source: International Business Times
LVMH tycoon Bernard Arnault saw luxury sales fall in the first quarter amid concerns over US tariffs AFP Luxury giant LVMH saw sales fall two percent to 20. 3 billion euros ($23 billion) in the first quarter of 2025 as US President Donald Trump's tariffs shook the global economy, the company said on Monday. The producer of Louis Vuitton bags and Dom Perignon champagne, owned by Europe's richest man Bernard Arnault, generates a quarter of its revenue in the United States.
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