"Luxury Turns Late-Cycle": After LVMH Miss, Hermes Stumbles Too
“Luxury Turns Late-Cycle”: After LVMH Miss, Hermes Stumbles Too The European luxury sector, tracked by Goldman via GSXELUXG, came under continued pressure on Thursday after French luxury giant Hermes added to the gloom with a disappointing Q1 earnings report, following LVMH Moet Hennessy’s shock results just a day earlier. Most notably, a slowdown in Chinese demand is […]
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