Hermès and Gucci shares tank in ‘dismal’ week for luxury brands

City AM — Apr 16, 12:34 PM

Sales slumps caused by the Iran war reveal deeper problems, analysts say https://www.cityam.com/wp-content/uploads/2026/04/Louis-Vuitton.jpg?w=1107" />

Investors have fled from leading luxury stocks like Hermès and Gucci this week after they revealed tumbling sales as a result of the Iran war.

The market was quick to respond to the poor results from several top fashion houses, as doubts swirl around the Middle East’s role as a key market for luxury brands. https://www.cityam.com/hermes-lvmh-shares-tank-in-dismal-week-for-luxury-brands/">[...]

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