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Luxury brand stocks plunge to lowest level in years as LVMH, Kering and Hermès hit with sales declines
Source: nypost.com
Consumer Demand & RetailCompany FundamentalsMarket Technicals & Flows
Shares of some of Europe’s best-known luxury brands have fallen to their lowest levels in years as Chinese customers cut back on purchases. An industry revamp has also failed to gain traction, weighing on the sector.
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