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Bloomberg Quint
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LVMH Shares Tumble As Weak China, US Demand Weighs On Sales
- LVMH shares fell as much as 7.6% as weak China and US demand weighed on sales.
- Revenue at LVMH's fashion and leather goods division dropped 5% in the first quarter.
- The decline in sales has raised concerns about the broader luxury sector.
- Shares of luxury rivals, including Prada and Kering, also fell.
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