After a decade-long buying spree, demand in China is suddenly weakening. As a result, the market value of six European stock market giants has fallen by the equivalent of SEK 2,800 billion this year.
BusinessThe conglomerate LVMH, with brands such as Louis Vuitton and Christian Dior in its portfolio, has been knocked off the luxury throne by its competitor Hermès, which with its scarves and Birkin bags is now the highest valued on the Paris stock exchange.
BusinessThe French luxury conglomerate LVMH is clearly falling on the Paris stock exchange after today's financial report. Concerns about the luxury industry's recovery are now pulling down the sector.
BusinessThe world's 500 richest people surpassed in 2024 a total wealth of 110 billion kronor – or 110,000,000,000,000 kronor, reports Bloomberg.
BusinessThe French luxury conglomerate LVMH falls on the Paris stock exchange. The quarterly report was a disappointment.
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