LVMH, led by Bernard Arnault, lost its title as the world's most valuable luxury company to Hermes after its market capitalization slipped due to a sales miss.

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

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U.S. to Freeze $2.2 Billion for Harvard After It Defies Trump A Showdown Between the White House and the Nation’s Wealthiest University The move came after the school said it would not submit to ...