Europe’s wealthiest individual, Bernard Arnault, is head of luxury goods empire LVMH — and has a lot to lose from a spiraling ...

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Luxury goods conglomerate LVMH is no longer the world’s most valuable luxury brand, eclipsed by Hermès on Tuesday after it disclosed worse-than-expected Q1 results.

LVMH shares fell sharply in Paris on Tuesday after the French luxury conglomerate reported a slide in first-quarter results.