Hermes is now the world’s most valuable luxury company as investors bet on continued struggles at LVMH

Quick Summary:

Hermes, the maker of Birkin bags, overtakes LVMH for luxury’s top spot after weak sales spark sell-off.

However, other luxury stocks were hit harder on Tuesday, with Prada falling 4.2 per cent and Kering declining by 4.8 per cent.

The tariffs, which were more aggressive than had been widely expected, led analysts at Bernstein and HSBC last week to slash their expectations for a luxury recovery in the second half of the year.

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Article Details

Category: EconomyBusiness

Markets: SingaporeChina

Topics: Fell Results Lvmh Shares Market Hermes Bags Luxury Billion Tariffs Cent

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-04-16 @ 13:40:38 (6 hours ago)

News Timezone: GMT +8:00

News Source URL: channelnewsasia.com

Language: English

Article Length: 674 words

Reading Time: 4 minutes read

Sentences: 29 lines

Sentence Length: 24 words per sentence (average)

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Copyright Owner: © Channel News Asia

News ID: 27942324

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