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LVMH lost its place among Europe’s top five listed companies as the luxury-goods maker endures its worst year-to-date slide since the 2008 financial crisis.
The French company’s shares fell about 3 percent on Thursday, taking their decline for this year to 25 percent. Its market value of about €239 billion ($270 billion) slipped below that of Swiss packaged-foods maker Nestle SA.
Like most luxury companies, LVMH is being weighed down by demand worries in China and concerns that Donald…
