French luxury giant LVMH half-year net profit drops 14% – ET Retail
The world’s largest luxury group, LVMH, said Tuesday its half-year net profit slid 14 percent amid an uncertain geopolitical and economic environment. The drop in profit to 7.26 billion euros ($7.88 billion) was accompanied by a one-percent dip in sales to 41.68 billion euros by the group whose brands include Louis Vuitton, Dior, Celine and…