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Shares in LVMH and Kering fall as shoppers cut back on luxury spending
LVMH shares down 5% and Kering 4% amid tailoff in demand as cost of living squeeze hits middle classes
1324
World’s richest man probed for ‘money laundering’ with Russian oligarch
Billionaire Bernard Arnault, 74, who owns fashion empire LVMH, is being investigated over his alleged connection to Russian oligarch Nikolai Sarkisov over a luxury property deal
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