Fashion Brand Stocks Lost $350 Billion in Capitalization over the Year Due to a Collapse in Demand, Writes Reuters
LVMH’s sales miss and fading China demand have driven the sector’s losses, with the top 10 luxury firms down about $350 billion, Reuters said.
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The top 10 European luxury goods companies have lost about $350 billion of their market value since the beginning of 2026, amid weak Chinese demand, and the LVMH stock has declined by more than 40% and the wealth of its owner Bernard Arnaud.
The four largest luxury conglomerates in Europe – LVMH, Hermes, Kering (owner of Gucci), and Richemont – have seen their combined market capitalization drop by nearly 50% since 2024. Chanel, Bulgari, and numerous other luxury brands in Italy have had their offices raided. The global luxury goods industry is reeling from Middle Eastern tensions. Shares of luxury goods group LVMH are experiencing an unprecedented and severe decline.
Since the beginning of 2026, the capitalization of companies such as LVMH (Louis Vuitton, Givenchy, Celine), Hermes, Kering (Gucci, Saint Laurent, Balenciaga) and others has declined by more than $350 billion, with the segment losing almost half of its capitalization compared to 2024.
The top 10 European luxury companies have lost about $350 billion in their market value since the beginning of the year, with hopes for the recovery of the sector and continued weak demand in China, which was a major engine of growth in global spending on these products. The sector's shares were pressured during today's Tuesday dealings, after the French LVM group announced a decline in [...] the post of European luxury goods companies losing $3…
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