The dent in the luxury sector caused by Donald Trump’s tariffs is exposed to champagne giant LVMH today by handbags.
The French group, with Moet, Louis Vuitton and Givenchy among the brand, reports on transactions for the first three months of the year.
Its stock has fallen 9% since the president announced a global tariff frenzy.
Trump’s tariff wearing thin: LVMH has Moet, Louis Vuitton (modeled by Karlie Kloss above), Givenchy has Givenchy among its brands
Analysts at HSBC expect to list a 1% increase in sales at £18.3 billion as the group denied a higher price decline.
They said: “We expect literally fewer bottles of champagne this year.”
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