Luxury Shares Fall, and Business Will Suffer from Renewed Conflict in the Middle East [Yahoo! Finance]
LVMH-MOET H/L/V UNSP/ADR (LVMUY)
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Source: Yahoo! Finance
LONDON – Luxury stocks took a hit on Monday morning and are set to come under even more pressure, while consumer confidence will be dented as a result of renewed conflict in the Middle East, according to RBC Capital Markets In late morning trading on Monday, March 2, Burberry , Salvatore Ferragamo, Kering , Richemont, LVMH Moët Hennessy Louis Vuitton, Brunello Cucinelli and other big luxury names were down 3-6 percent following the U.S. attacks on Iran over the weekend. More from WWD EXCLUSIVE: Stars Transform the Burberry Trench Into a Canvas for Self-expression in Anniversary Campaign EXCLUSIVE: Alexandra Winokur Named Deputy CEO of LVMH North America There Was Footwear for All-Weather at London Fashion Week Fall 2026 In a report early Monday, equity analyst Piral Dadhania said that, going forward, the bank is expecting “stocks to be under pressure given luxury demand typically requires a ‘feel good' backdrop, supportive consumer confidence, positive wealth creation and
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