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LVMH Earnings Saved by Gain on Hermès Sale

French luxury goods group LVMH blamed lower sales of high-end cognac to China for a 5-percent slide in core earnings last year, but its bottom line was rescued by the sale of a stake in handbag maker Hermès.
Louis Vuitton | Source: Shutterstock
By
  • Associated Press

PARIS, France 

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