Luxury stocks fall as Iran war evaluates on earnings; Hermes sinks 8%
Corroborated by 2 sources from 2 publishers
middle_eastbusiness5d ago
TL;DR
Reports differ across sources; according to cnbc.com, luxury stocks tanked early Wednesday after Gucci-owner Kering and Hermes reported first-quarter earnings that disappointed investors amid a conflict in the Middle East that is hitting luxury sales.
Sources
1
Dow Jones Markets Main
https://www.wsj.com/finance/stocks/luxury-stocks-are-suddenly-on-flash-sale-c6c962c4?mod=rss_markets_main
5d ago
2
Yahoo Finance News
https://www.wsj.com/finance/stocks/luxury-stocks-are-suddenly-on-flash-sale-c6c962c4?siteid=yhoof2&yptr=yahoo
5d ago
3
CNBC 15839135
https://www.cnbc.com/2026/04/15/kering-stock-q1-earnings-gucci-sales-iran-war-middle-east-luxury.html
5d ago