French luxury giant LVMH half-year net profit drops 14%

The world's largest luxury group, LVMH, said Tuesday its half-year net profit slid 14 percent amid an uncertain geopolitical and economic environment. "The results for the first half of the year reflect LVMH's remarkable resilience... and the responsiveness of its teams in a climate of economic and geopolitical uncertainty," said chief executive Bernard Arnault.