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LOreal Overtakes LVMH in France

Cosmetics giant LOreal has surpassed LVMH to become Frances most valuable listed company amid a prolonged slump in demand for high-end luxury goods. LVMH shares fell as the broader luxury sector struggles with slowing sales in China.

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FILE PHOTO: A cosmetic display of French cosmetics group L'Oreal is seen at a duty free shop at the Nice International Airport, in Nice, France, October 10, 2018. REUTERS/Eric Gaillard/File Photo

L'OREAL surpassed LVMH MOET HENNESSY LOUIS VUI on Tuesday to become France's most valuable listed company, closing with a market capitalization of €203 billion.
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