The Middle East has been one of the few bright spots in a sector that is struggling to get sales back on track.
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Luxury stocks were among the hardest hit sectors early Tuesday, with European markets heading for another day of losses as the conflict in the Middle East intensified overnight.
Shares of conglomerate LVMH
, Gucci-owner Kering
, and British outerwear maker Burberry
The luxury sector had shown some signs of a long-awaited recovery after a years-long slump prompted by soft demand from Chinese…
Dubai in the UAE has been the biggest driver of growth in recent years, and the Middle East tensions come at a critical time in…
In March, LVMH's sales plunged by 50% in Gulf countries, according to figures released by the world's leading luxury group on…
Moncler earnings 'smashes' expectations following a series of underwhelming reports from European luxury players last week.
The conflict in the Middle East has weighed heavily on the world's biggest luxury stocks, but Barclays sees a buying opportunity.
A recovery in European luxury has been upended by the Iran war.
Borsa: la guerra affonda turismo e compagnie aeree, sale la difesa - Notizie - Ansa.it
Mall di Dubai deserti: la guerra in Medio Oriente gela il settore del lusso
Global stock markets slump amid Iran war as gas and oil prices rise
Stock market falls resume as US-Israel war with Iran drives up oil and gas prices
Global brands shut Middle East stores as conflict causes chaos
