Hermès Stock Down 32% as RBC Cuts Rating on Cooling China Luxury Growth
Hermès shares trade 32% below highs after RBC downgraded the luxury bellwether to sector perform as China's luxury recovery slows and growth…
Hermès shares trade 32% below highs after RBC downgraded the luxury bellwether to sector perform as China's luxury recovery slows and growth…
European luxury stocks including LVMH, Kering, and Hermès rallied on reports of green shoots in China's key luxury market, signaling a potential…
Consumer earnings from Gucci parent Kering to P&G revealed a cautious shopper environment, pressuring luxury and staples stocks while bond yields fell…
Hermès stock fell on China sales growth worries, highlighting risks for luxury retailers dependent on Chinese consumer spending amid slowing economic momentum.
Kering shares climbed after Gucci’s better-than-expected sales report fueled optimism that the luxury brand’s lengthy downturn may be easing.