The dent to the luxury sector caused by Donald Trump’s tariffs will today be exposed by handbags to champagne giant LVMH.
The French group, which has Moet, Louis Vuitton and Givenchy among its brands, will report on trading for the first three months of the year.
Its shares are down 9 per cent since the President announced a frenzy of global tariffs.
Trump tariffs wearing thin: LVMH has has Moet, Louis Vuitton (modelled by Karlie Kloss, above) and Givenchy among its brands
HSBC analysts expect the group to post a 1 per cent rise in sales to £18.3billion thanks to higher prices negating a fall in volume.
They said: ‘We are expecting, quite literally, fewer champagne bottles to be popped this year.’
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