Europe’s Luxury Giants Trade at Lowest Valuations in a Decade

Shares in Hermès International and LVMH Moët Hennessy Louis Vuitton trade at valuations not seen in over a decade. Both companies released earnings results that indicated the luxury goods industry downturn is continuing. The valuation decline reflects reduced demand in key markets including China.

• Bloomberg — Europe’s Luxury Giants Trade at Lowest Valuations in a Decade

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