The world’s biggest luxury group LVMH will raise its annual dividend even as the pace of sales growth slowed after years of record revenues and profits, ushering in a new era for the industry as a historic luxury boom draws to a close.
The slowing sales growth comes as French billionaire Bernard Arnault, president and chief executive of the group, consolidated the hold of the controlling family’s next generation with nominations for two of his sons to the board.
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