US EditionHermès, a Leadership Challenged by the Uncertainty of Luxury Demand
3 Articles
3 Articles
The European luxury sector has lost shine on the stock market. To the weakness of consumption, especially in China and the United States, countries with the highest volume of purchases in this segment, and the pressure of Donald Trump’s tariffs, is now added overwhelmingly the impact of the war in the Middle East. Luxury companies are among the most punished in March for fear that the conflict, which already impacts travel, will reduce the valua…
About a month after the outbreak of war between the US and Israel and Iran, the global luxury industry has experienced one of the sharpest shocks in its history. According to CNBC, shares of the giant LVMH corporation – the house of brands that includes Louis Vuitton, Dior and Hermes – have collectively lost more than $100 billion in value since the end of February. The luxury sector is under siege The STOXX Europe Luxury 10 index, which tracks …
The main luxury stocks have fallen 15% or more on the stock market, since the beginning of the war in Iran, and sales in the increasingly important Middle East market could be halved, according to analysts.The shares of LVMH and Hermès have dropped approximately 16 and 20% on the stock market, respectively, this month, while the S&P 500 index has dropped more than 7 percent. Ferrari shares have also dropped 15%, and the company announced that it…
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