LVMH shares tumble as sales of luxury goods suffer

The chief executive officer of the world's biggest luxury goods maker LVMH, Bernard Arnault

Sarah Stack

European stocks fell the most in a week as the world's largest luxury goods maker saw shares tumble.

Paris-based LVMH Moet Hennessy Louis Vuitton dropped 6.8pc to €131.65, the most since August 2011, after saying first-half profit from recurring operations fell 5pc to €2.58bn euros.