Now, as those fears intensify, luxury brands are losing their shine, at least in the eyes of investors. Luxury bosses’ unease expressed at an industry pow-wow on May 22nd provoked a sell-off that wiped $65bn, or 7%, from the four luxury groups’ collective market value. Once shareholders stop quaking in their Louboutins, they may pay closer attention to two things in order to assess their luxury stocks’ prospects. These days just 5% of buyers account for two-fifths of global luxury sales. In the meantime, investors are likely to become as discerning about their luxury stocks as they are about their posh wardrobes.

Source: Mint June 03, 2023 15:46 UTC