European Luxury Stocks Drop as Iran War Stymies Sector’s Comeback

Hermes said its performance in the Middle East was significantly impacted and results in France—where more than 50% of sales are linked to travelers—were also hit.

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Hermès Sales Hit by War

Hermès, Kering knocked by disappointing sales Le Monde — Apr 15, 10:31 AM
Hermes Sales Growth Slows Amid Uncertain Recovery Path for Luxury Sector Wall Street Journal — Apr 15, 06:27 AM
Luxury brands book sales drop as Mideast war takes toll on airport shopping - Reuters Reuters — Apr 15, 05:02 AM
Hermes, Kering shares sink as Iran war knocks luxury revival - Reuters Reuters — Apr 15, 06:01 AM