European luxury stocks slide further as recovery hopes fade
European luxury stocks fell again on Thursday, extending recent losses. LVMH fell 2.3% and traded at its lowest since 2020, while French peers Hermes also declined.
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 EURONEXT:MC fell 2.3%, extending a recent slide to their lowest price since 2020, while French peers Hermes EURONEXT:RMS an…