LVMH shares dropped 4% after the luxury group reported a 6% decline in total first-quarter revenue to €19.121 billion due to currency fluctuations and conflict in the Middle East.Cécile Cabanis noted that while organic sales rose 1%, the core fashion and leather goods division saw a 2% drop as high-end demand remains volatile across Europe and Japan.Growth was bolstered by a 7% increase in Asian markets following the Chinese New Year and a 3% rise in the US, contrasting with a 14% revenue surge from rival
Brunello Cucinelli.