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Luxury Goods stocks fell overall, with PRADA (01913) down 4.29%. LVMH's first-quarter revenue fell short of expectations, indicating a slowdown in Industry growth.
Jingwo Finance | Luxury Goods stocks have generally declined, with TSE SUI LUEN (00417) dropping 10.00%, PRADA (01913) down 4.29%, ERNEST BOREL (01856) down 4.27%, CITYCHAMP (00256) down 3.33%, CHOW SANG SANG (00116) down 1.30%, and DICKSON CONCEPT (00113) down 1.25%. On the news front, the world's largest Luxury Goods group, France's LVMH, reported first-quarter revenue that fell short of expectations. LVMH stated on Monday that sales for the first quarter, ending March 31 of this year, decreased by 3% to 20.31 billion euros, significantly lower than the market expectation of growth.
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