The founder of LVMH - whose offerings include Louis Vuitton handbags and Christian Dior gowns had seen his wealth balloon for most of 2023 as share prices of European luxury companies surged.
On Tuesday, he gave back some of those gains. LVMH shares fell 5 per cent in Paris - the most in more than a year - amid a broader decline that erased about US$30 billion from the European luxury sector.
This story is from the May 25, 2023 edition of The Straits Times.
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This story is from the May 25, 2023 edition of The Straits Times.
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