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European Luxury Stocks Drop
European Luxury Stocks Drop After LVMH Tempers Enthusiasm for Sector Rebound
Shares slumped on industry bellwether LVMH failing to meet the bar set by rivals in recent weeks, denting hopes of a recovery in the sector.
LVMH Stock Drops as Results Raise Questions on Luxury Turnaround
KEY TAKEAWAYS Luxury giant LVMH eked a small gain in 2024 sales, underwhelming investors following buoyant results from rivals that signaled a turnaround for the sector.Sales last year marked a 1% organic gain over the previous year and a 2% drop reported.
CAC 40 Drifts Lower As Luxury Stocks Drop After LVMH Reports Drop In Earnings
French stocks are down in negative territory Wednesday morning, weighed down by losses in the luxury sector as industry major LVMH's
Heard on the Street: LVMH Stock Price Drops on Luxury Reality Check
Demand for high-end brands is improving but not as quickly as hoped. European luxury shares fell Wednesday in reaction to a mixed set of results from Louis Vuitton’s owner, LVMH. After [Burberry](
LVMH earnings highlight uneven recovery in the luxury goods sector
LVMH posted subdued quarterly results due to continued weakness in the fashion and leather goods segment. The results slightly exceeded analysts' estimates for overall performance. View on euronews
1d
Can luxury stocks sustain growth amid economic headwinds?
Luxury stocks face volatility despite LVMH’s 1% sales rise. Kering and Hermes saw share declines, while Richemont and ...
21h
on MSN
Forget the Great Wealth Transfer—Boomers and Gen X are saving the luxury market with fancy hotel stays and shopping sprees
After years in the doldrums, the luxury sector seems to be showing green shoots—Bank of America has found wealthy Gen Xers ...
9h
LVMH’s CEO Bernard Arnault Does Not Deny DFS Sale As Stock Slides
French luxury conglomerate LVMH saw its stock slide by more than 6% following the Tuesday evening reveal of its 2024 annual ...
MoneyWeek
6d
Luxury stocks rally after Richemont sales boom – is there hope for the sector?
Cartier owner Richemont’s robust results have boosted sentiment about luxury stocks – but are investors getting carried away?
9d
China enters 'new normal' for luxury market with flat sales expected in 2025, report says
China's luxury market declined by 18% to 20% in 2024, marking the end of a period of "exponential growth", with sales ...
22h
$20M home hits market as luxury builds momentum
The city’s priciest listing, a $19.9 million waterfront estate in North Westlake Hills, hit the market for the first time ...
Hosted on MSN
1d
Singapore’s luxury condo resale market stalls in 2024 as foreign buyer demand plummets
Singapore’s luxury condominium resale market has slowed significantly in 2024, with property agents struggling to find buyers ...
1d
on MSN
Shares in luxury giant LVMH trade lower as sales growth disappoints
Luxury stocks trade lower after giant LVMH shows improvement in sales, but nevertheless left analysts underwhelmed.
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