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Praying for forgiveness

Mike Redwood

Mike Redwood discusses the recent Balenciaga scandal and the consequences of marketing products without thought.

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Hermes share sale puts gloss on LVMH results

French luxury goods group LVMH blamed lower sales of high-end cognac to China for a 5% slide in core earnings last year, but its bottom line was rescued by the sale of a stake in handbag maker Hermes.

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