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Luxury Giants Slump as Gulf Demand Seizes Up Due to War

Summary by SWI swissinfo.ch
(Bloomberg) -- Seven weeks of war in the Middle East are stifling demand in the luxury industry with LVMH, Kering and Hermès all reporting weak first-quarter sales.
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Luxury Giants Slump as Gulf Demand Seizes Up Due to War

(Bloomberg) -- Seven weeks of war in the Middle East are stifling demand in the luxury industry with LVMH, Kering and Hermès all reporting weak first-quarter sales.

·Bern, Switzerland
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  • 100% of the sources lean Left
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SWI swissinfo.ch broke the news in Bern, Switzerland on Wednesday, April 15, 2026.
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