Luxury Brands Are Getting Hit by a Vibe Shift
Bernard Arnault, the billionaire owner of Louis Vuitton and more than 70 other luxury brands, says the current sales slump will blow over. If he is right, now is the time to buy LVMH MC 3.92%increase; green up pointing triangle stock, which is down a fifth so far this year. He has spent more than $1 billion of his own cash on the company's shares since January.
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