1. LVMH Suffers Worst Quarterly Plunge Since Dot-Com Crash as Luxury Demand Falters
LVMH, the world's largest luxury conglomerate, has just recorded its most severe quarterly stock decline since the dot-com bust, tumbling 28% in the first quarter. This collapse marks the worst performance among European luxury stocks this year, driven by a continued softening in demand for high-end handbags, watches, ...