LVMH, Luxury Stocks
LVMH Results Cast Cloud on Luxury Stocks
European luxury stocks fell after third-quarter results from industry bellwether LVMH dashed hopes that a sector recovery is under way and renewed concerns over the Chinese market.
European tech, luxury stocks tumble as ASML, LVMH results disappoint
Europe's STOXX 600 settled lower on Wednesday, with tech and luxury stocks hurt by disappointing results from industry heavyweights ASML and LVMH, while caution prevailed ahead of the European Central Bank's policy decision.
LVMH Drags Down Luxury Stocks. It's All About China.
Shares in LVMH Moët Hennessy Louis Vuitton were sliding on Wednesday after the French luxury goods maker warned that China's faltering economy is weighing on its sales numbers. In an earnings report posted after Tuesday's closing bell,
Luxury stocks are on the slide again as China's stimulus plans disappoint
Luxury sector stocks are suffering as European markets react to China's economic uncertainty and lack of fresh stimulus information.
European shares start weakly on tech, luxury disappointment
European shares had a weak start on Wednesday, ahead of the European Central Bank policy decision and bogged down by tech and luxury shares after disappointing results from industry bellwethers ASML and LVMH.
European Luxury Stocks Drop as China Stimulus Falls Flat
Europe's best-known luxury stocks were sliding on Monday after China's finance ministry announced some measures to boost the world's second-largest economy, but stopped short of laying out a concrete spending target.
European Stocks Fall as LVMH Sales Drop Adds to ASML Order Gloom
European stocks fell further on Wednesday, dragged down by an unexpected drop in sales of French luxury behemoth LVMH, which followed a shock outlook from Dutch chip-equipment maker ASML Holding NV.
Luxury stocks slide as LVMH disappoints and Wall Street eyes few signs of stronger China demand despite stimulus
LVMH's commentary on demand in China was a warning for luxury brands, which have relied on Chinese consumers to drive growth ...
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3 Luxury Retail Stocks to Buy as High-End Spending Rebounds
The luxury retail industry’s robust growth is being fueled by the increasing dominance of high-net-worth individuals and ...
Louis Vuitton owner LVMH sales slump on weak China demand, shaking luxury sector
The world’s largest luxury group saw its shares tumble as much as 7.5% Wednesday morning to a two-year low before ticking ...
LVMH sales fall 3% as China demand for luxury goods worsens
French luxury giant LVMH reported a 3% fall in third-quarter sales on Tuesday, undershooting estimates in its first decline ...
Dior and Gucci owners suffer $14 billion wealth crash as luxury stocks slide
LVMH's Bernard Arnault and Kering's François Pinault took a hit to their vast fortunes as luxury stocks suffered on China ...