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المشهد العربي
Source: المشهد العربي
17 Hrsالمشهد العربي
Source: المشهد العربي
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The 10 largest European luxury-goods companies have lost around $350 billion in market value since the start of 2026, as hopes of a sector recovery fade and demand in China weakens. Their shares came under further pressure after LVMH reported an unexpected decline in fashion and leather-goods sales in the third quarter. The market values of LVMH, Hermès, Kering and Richemont were nearing a 50% drop from their record highs, reached around 2024.
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