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LVMH leads luxury stock rally following record 2023 results despite market slump

Por: MarketWatch Business January 26, 2024

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Shares in LVMH that are listed on the Euronext Paris stock exchange rallied 8% on Friday having lost 8% of their value over the previous 12 months.  LVMH’s results saw its net income increase 8%, to €15.2 billion, as its sales grew across all segments of its business aside from its wine & spirits division, which includes cognac brand Hennessy and champagne seller Moët & Chandon.  Luxury goods companies including Hermes International ,... + full article



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