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Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.
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 morning for the luxury sector in which the companies swapped spots several times, shares in Paris-listed LVMH fell 7.5 per cent, sending the group’s market…
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