The reshuffle comes at a critical juncture for LVMH in China. In its full-year 2025 results, the group reported revenue of 80.81 billion euros, down 4.6% year on year. Recurring operating profit fell 9% to 17.76 billion euros, while net profit declined 13% to 10.88 billion euros.
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Elon Musk's Tesla is taking the California Department of Motor Vehicles to court, an attempt to win back the right to use the term "autopilot" when advertising its line of cars.
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