The reshuffle comes at a critical juncture for LVMH in China. In its full-year 2025 results, the group reported revenue of 80.81 billion euros, down 4.6% year on year. Recurring operating profit fell 9% to 17.76 billion euros, while net profit declined 13% to 10.88 billion euros.
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“Intelligence tools have changed what it means to build and run a company. We’re already seeing it internally,” Dorsey wrote in a letter to shareholders.
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Paul Thomas, 66, who has lived on Clydach Terrace for 40 years, believes he is lucky to be alive after being caught in flooding during Storm Dennis in 2020.