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economie2.64 %LVMH shares dropped 2.64%, reducing its market cap to €202 billion

L'Oréal overtakes LVMH as France's top market capitalization

LVMH shares dropped 2.64%, reducing its market cap to €202 billion.

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The fact

L'Oréal benefits from stronger momentum in the cosmetics sector.

The shift highlights luxury sector struggles amid economic slowdown.

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