PARIS (Reuters) – The year started well but worsened from March due to economic turmoil linked to tariffs, the head of French luxury group LVMH said on Thursday.
Bernard Arnault also told the annual shareholders meeting that LVMH will focus on growth at the highest ends of its product range as less wealthy aspirational buyers will be more vulnerable to rising inflation and interest rates.
(Reporting by Tassilo Hummel and Mimosa Spencer; Writing by Dominique Vidalon; Editing by Makini Brice)
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