European Luxury Shares’ $240 Billion Rout Is Just the Beginning
After enduring almost a quarter-trillion dollar hit to their market value in recent months, Europeâs luxury firms may see their stock-market clout wane further as Chinaâs downturn worsens. Once seen as Europeâs answer to the US âMagnificent Sevenâ tech megacaps, shares in companies producing high-end clothing, handbags and jewelry are languishing, sapped by a spending […]
European Luxury Shares’ $240 Billion Rout Is Just the Beginning Read More »