European Luxury Groups Drop After Salvatore Ferragamo Warns on Luxury Demand -- Market Talk

Dow Jones
03-07

0915 GMT - Shares in European luxury companies fell after Salvatore Ferragamo said it remains cautious on its short-term expectations due to uncertain demand for luxuries. The Italian luxury fashion firm swung to a net loss in 2024 and noted that the luxury sector faced complex market conditions due to geopolitical tensions and macroeconomic uncertainties, which hurt demand for luxury goods. Industry bellwether LVMH, the owner of the Louis Vuitton and Dior brands, was trading 3% lower. Gucci parent Kering, Burberry, and Cartier owner Richemont were down more than 4%, while shares in Italian rivals Brunello Cucinelli and Moncler dropped around 2%. Shares in Salvatore Ferragamo tumbled more than 14%. (andrea.figueras@wsj.com)

 

(END) Dow Jones Newswires

March 07, 2025 04:16 ET (09:16 GMT)

Copyright (c) 2025 Dow Jones & Company, Inc.

免責聲明:投資有風險,本文並非投資建議,以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請,作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考,不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證,投資者應自行研究並在投資前尋求專業建議。

熱議股票

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10