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"LVMH's sales decline was driven by a 9% drop in wines and spirits, while fashion and leather goods sales slid 5%. The company's results pulled down the wider luxury sector, with Kering, Burberry, and Richemont also reporting declines. Analysts are concerned about the impact of U.S. and global economic uncertainty on the luxury sector, which is reliant on global supply chains and U.S. consumer demand."
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