Shares of LVMH, the world's largest luxury group, plummeted 7.8% on Tuesday following an unexpected decline in first-quarter sales. This significant drop not only impacted LVMH but also affected the ...

Hermes has surpassed LVMH as Europe's largest luxury company by market capitalization, fueled by disappointing first-quarter ...

The 2 percent decline had a dampening effect on other European luxury players, who saw their shares ease on Tuesday.

The owner of Louis Vuitton and Dior lost its position on Tuesday as Europe’s largest luxury company in terms of market capitalization after being overtaken by Hermès.

Sales were “overall below the most conservative buyside expectations,” Citi analysts said, with wines and spirits suffering ...