Business · Companies · 1 hr ago
European luxury groups lose €250bn as Chinese demand weakens
European luxury groups have lost €250bn in value as the sector faces a prolonged downturn.
Weaker demand in China and cooling stock markets are adding to the pressure.
Disappointing results from LVMH, Kering and Hermès have also hurt the sector.
Luxury shares have fallen to decade lows, with unrest in France adding to the difficulties.
The sector is heading for a third year of stock declines.
The expected rebound is moving further away, and the sources give no specific next step.
European luxury groups have lost €250bn in value as Chinese consumer demand weakens.
A slowdown in China and cooling global stock markets are worsening the sector’s downturn.
Disappointing results from LVMH, Kering and Hermès are cited as part of the crisis.
The sector is approaching its third consecutive year of stock-market declines, while its shares are at decade lows.
Disturbances in France are also cited as prolonging the crisis.
- Who
- European luxury groups, including LVMH, Kering and Hermès.
- What
- The sector has lost €250bn in value and is facing a prolonged downturn.
- When
- The reports were published on 23 and 25 October 2026.
- Where
- The sector is European; China is cited as a source of weakening consumer demand, and France as a source of disturbances.
- Why
- Weak Chinese demand, cooling global stock markets, disappointing company results and disturbances in France are cited.
This story does not have two clearly opposing sides.
This story does not have a timeline yet.
- Value lost
- €250bn
- Companies named
- LVMH, Kering and Hermès
- Share-price trend
- Approaching a third consecutive year of declines
- Share-price level
- Decade lows
- Publication dates
- 23 and 25 October 2026