LVMH Finds Duty-Free Isn't Risk-Free: Company Spotlight

When LVMH Moet Hennessy Louis Vuitton announced in October a $2.47 billion purchase of DFS Group Ltd., the world's largest chain of duty-free shops, investors pushed the shares up 14 percent in a week.

Investors are now giving themselves a reality check after closer examination of the purchase, deflating the shares of the world's largest luxury-goods maker 10 percent to 1,425 francs today from a 52-week high of 1,584 francs on Jan. 17.