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Europe’s Luxury Giants Trade at Lowest Valuations in a Decade
Source: Bloomberg
Consumer Demand & RetailCorporate EarningsCompany Fundamentals
Shares in Europe’s largest luxury companies are trading at their cheapest levels in more than a decade. Results from Hermès and LVMH have undermined hopes of a near-term end to the industry slump, pointing to continued pressure on luxury-sector demand.
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