LVMH Leads European Luxury Slump with Record 28% Quarterly Decline
7 Articles
7 Articles
Deep red also for Richemont and Hermès
LVMH leads European luxury slump with record 28% quarterly decline
Shares of French luxury retailer LVMH Moët Hennessy-Louis Vuitton (LVMHF) (LVMUY) has experienced their worst start to a year ever, dropping 28% in the first quarter, the greatest decline among major European luxury companies.
https://www.tradingsat.com/lvmh-FR0000121014/actualites/lvmh-en-bass-de-28-on-the-first-three-months-de-2026-lvmh-accuse-le-pire-debut-d-annee-en-bourse-de-his-his-histoire-for-better-rebound-1159811.html
The luxury industry, weakened by trade tensions and the decline in sales, has seen its future darkened by the impact of the Gulf War.The French group and number one global LVMH has seen its price drop by 28% on the stock exchange since the beginning of the year, the largest decline in the sector.
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