Luxury stocks have come under renewed pressure this year, with major European names falling sharply as uncertainty over consumer demand weighs on sentiment. Investors are watching closely to see whether the current slump reflects a short-term correction or a more fundamental shift in the luxury sector's growth trajectory.
NSS magazine, citing Bloomberg, reported that LVMH Moët Hennessy Louis Vuitton SE shares plunged 28 % in the first quarter, marking the worst start to a year in the company's history. The drop erased tens of billions from the fortune of LVMH chairman Bernard Arnault, highlighting the severity of the sector's early-year weakness.
