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LVMH Loses Top French Company Title, Drops Out of European Top 10 After 55% Decline
ExpansiónLO·FR·1 day ago
LVMH's market value fell to $232 billion after a 2.6% decline, pushing it below L'Oréal and Siemens and out of Europe's top 10. This reflects sustained pressure on luxury demand, though the exact driver of Tuesday's drop is not specified. The shift signals a broader re-rating of European luxury stocks amid slowing consumer spending.