Consumer

LVMH Shares Tumble as Weak China, US Demand Weighs on Sales

WATCH: LVMH said it will consider price increases to help offset the impact of the tariffs. Angelina Rascouet reports.Source: Bloomberg
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LVMH shares dropped after the luxury group published weaker-than-expected sales, weighed down by sluggish demand for high-end goods in China and the US and an escalating trade war.

The stock fell as much as 8.4% in Paris trading, bringing the decline over the past 12 months to 38%.