European luxury stocks slide as investors remain cautious about recovery | live
Sept 3 (Reuters) - European luxury stocks fell on Thursday, extending recent losses as investors grew increasingly cautious about the sector's recovery prospects. Shares in sector bellwether LVMH fell 2.3%, extending a recent slide to their lowest price since 2020, while French peers Hermes and Gucci-owner Kering dropped around 3% each. Elsewhere in Europe, Brunello Cucinelli, Richemont and Burberry lost between 1% and 2%.
Sept 3 (Reuters) - European luxury stocks fell on Thursday, extending recent losses as investors grew increasingly cautious about the sector's recovery prospects. Shares in sector bellwether LVMH fell 2.3%, extending a recent slide to their lowest price since 2020, while French peers Hermes and Gucci-owner Kering dropped around 3% each. Elsewhere in Europe, Brunello Cucinelli, Richemont and Burberry lost between 1% and 2%.
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