GRAPHIC — European luxury's $350 billion blowout

Top 10 European luxury firms lose some $350 billion in market value this year LVMH posts larger-than-expected third-quarter sales miss in fashion, leather goods China loses ground as driver of global luxury spending amid tougher economic backdrop By Alessandro Parodi, Tassilo Hummel and Samuel Indyk PARIS/LONDON, Oct 13 (Reuters) — European luxury firms have seen some $350 billion in value knocked off their combined market capitalizations this year, as hopes of a sector rebound have faded and weakness in key growth engine China has persisted. French fashion giant LVMH this week posted a larger-than-expected third-quarter sales miss in its key fashion and leather goods business, with China in focus. That dented luxury sector shares on Tuesday. Here are five charts showing the luxury sector slowdown. Fashion Top 10: Non-starter The top 10 European luxury firms on the STOXX Europe Luxury 10 have lost around $350 billion in market capitalization since the start of the year. Longer Decline Europe's big four — LVMH, Hermes, Gucci owner Kering and Richemont — have seen their combined market cap nearly halve since around 2024. Richemont, more focused on watches and jewelry, has bucked the