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PARIS (Reuters) – The 12 months began properly however worsened from March attributable to financial turmoil linked to tariffs, the pinnacle of French luxurious group LVMH stated on Thursday.
Bernard Arnault additionally informed the annual shareholders assembly that LVMH will concentrate on development on the highest ends of its product vary as much less rich aspirational patrons might be extra susceptible to rising inflation and rates of interest.
(Reporting by Tassilo Hummel and Mimosa Spencer; Writing by Dominique Vidalon; Modifying by Makini Brice)
