Hermès Overtakes LVMH Stock

The luxury market is facing a serious reality check. LVMH, the house behind Louis Vuitton, Dior, Tiffany & Co., and Sephora, has just been dethroned as Europe’s most valuable luxury company — overtaken by Hermès. This shift came after LVMH reported weaker-than-expected sales in the first quarter, especially in the U.S. and China. Shoppers in key markets are pulling back on beauty products and high-end spirits, signaling that even the giants of luxury aren’t immune to changing economic tides. Read morea at Pause.