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Hermès overtakes LVMH for luxury’s top spot after weak sales spark sell-off

The maker of Birkin bags is now the world’s most valuable luxury company, as investors bet on continued struggles at LVMH
Financial Times - 16h
LVMH dethroned by Hermès as world's most valuable luxury stock after sales miss

Sales were "overall below the most conservative buyside expectations," Citi analysts said, with wines and spirits suffering the sharpest decline.
CNBC - 16h