Hermès overtakes LVMH for luxury’s top spot after weak sales spark sell-off

Business

Hermès Overtakes Lvmh For Luxury’s Top Spot After Weak Sales Spark Sell-Off

By Financial Times

Hermès leapfrogged LVMH to become the world’s most valuable luxury company on Tuesday, after shares in the owner of Louis Vuitton tumbled on the back of disappointing first-quarter results. In a bruising day for the luxury sector in which the compani ...Read more

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