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Iran war wipes out $100 billion from luxury stocks - CNBC
Major luxury stocks have fallen 15% or more since the Iran war started, and sales in the increasingly important Middle East market could drop by half, according to analysts.
Iran war wipes out US$100bn from luxury stocks
Escalating conflict in the Middle East has erased roughly US$100 billion in market value from global luxury stocks, as investors fear that disruptions in one of the world's fastest-growing luxury markets could hit sales and delay the sector's hoped-for recovery. Shares in some of the industry's biggest names have fallen sharply since the war involving Iran, the United States and Israel ...
Luxury giants lose billions in market value amid Middle East conflict ...
The Iran war is rattling the global luxury industry. Stocks like LVMH and Hermès have shed an estimated $100 billion in combined market value since late February. The Middle East, last year's fastest-growing luxury market at a growth rate of 6% to 8%, is now facing deep uncertainty. Dubai's booming millionaire population and elite retail scene made it a crown jewel for luxury brands. CNBC's ...
Luxury giants lose billions in market value amid Middle East conflict ...
The Iran war is rattling the global luxury industry. Stocks like LVMH and Hermès have shed an estimated $100 billion in combined market value since late February. The Middle East, last year's ...
