LVMH’s Splash of Cold Water Hits Luxury Shares

Investors reading the tea leaves in LVMH Moët Hennessy Louis Vuitton’s fourth-quarter report took a step back from the luxury giant on Wednesday — and the world of high-end fashion in general. Shares of LVMH fell 7.9 percent to 542.80 euros, cutting the company’s market capitalization to 269 billion euros. More from WWD Bernard Arnault, chairman and chief executive officer of LVMH, told analysts and reporters on Tuesday that, “The group delivered solid results despite a very challenging, turbulent and v ...