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00:03LVMH CEO Bernard Arnault warned of a world catastrophe if the Middle East conflict is
00:09not resolved after the Iran war weighed on demand and cut the company's first quarter sales growth
00:14in half. Arnault said the outcome of the conflict will determine how 2026 unfolds. According to
00:20CNBC, organic sales rose 1% in the quarter, while the company said the conflict had a 1%
00:26negative impact on growth. He said a resolution could lead to a recovery and a return to normal
00:31business conditions. LVMH expects growth to resume in the second half if a solution is reached between
00:38Iran, the U.S., and Israel. Peers also reported weaker March sales. Analysts said declining sentiment,
00:45traffic, and spending are weighing on the sector. For all things money, visit Benzinga.com.
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