LVMH sales fall sharply as luxury woes continue

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LVMH’s sales fell more than expected in the first quarter as the world’s leading luxury group braces for the fallout from US President Donald Trump’s tariffs.

Organic sales of fashion and leather goods at the Paris-listed luxury group fell 5 per cent year-on-year to €10.1bn in the first three months of the year. That missed consensus expectations for a 1 per…