Bernard Arnault slides down to world’s fifth-richest person after LVMH disappointment - MarketWatch

1. LVMH results lagged behind rivals, impacting Bernard Arnault's billionaire ranking. 2. Sales steady at €23.93 billion, but profit fell 17%, missing expectations. 3. LVMH stock fell by 6% following the earnings report, signaling market skepticism. 4. Analysts predict slower recovery compared to luxury peers like Richemont and Burberry. 5. Deutsche Bank maintains a hold rating amidst mixed results and future growth signals.