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Why LVMH Stock Is Down 27% This Year

Why LVMH Stock Is Down 27% This Year

LVMH Moet Hennessy (OTC: LVMUY) (OTC: LVMHF), the world's largest luxury goods maker, just announced solid third-quarter results. Russia's invasion of Ukraine this February, which sparked a war that hasn't ended yet, has been throttling Europe's economic growth with higher energy and food prices.