Luxury Stocks—Hermès, Prada, More—Boom As LVMH Earnings Fuel Rally

Berenberg Says Luxury Supercycle Is Over as It Downgrades LVMH

The luxury sector’s three-decade boom is over, according to Berenberg analysts whose downgrade of LVMH coincided with the stock’s biggest surge since 2001.

Luxury giant LVMH glimpses a turning point in China’s slow-motion recovery

The French luxury giant reported its first quarterly growth this year, but analysts question whether the China recovery can be sustained.

LVMH shares soar on China recovery hopes, lifting European luxury sector by US$80 billion

PARIS: Shares in French luxury giant LVMH jumped as much as 14 per cent on Wednesday (Oct 15), their biggest daily gain in over two decades, after stronger-than-expected sales and signs of

LVMH spurs $80 billion luxury rally as China picture brightens

LVMH shares saw their biggest gain in over two decades. This surge followed positive signs of demand in China. The luxury sector experienced a broad rally, adding billions to valuations. Investors are hopeful the industry is recovering from a slump. Sales figures surprised positively, suggesting continued momentum. This return to growth reassures investors.

LVMH’s best day in decades spurs $80-billion luxury rally as China picture brightens

Sector shares rise after industry giant’s sales return to growth

Luxury Stocks—Hermès, Prada, More—Boom As LVMH Earnings Fuel Rally

The luxury bellwether reported sales growth for the first time this year.