Fashion
Iran war impacts luxury Q1; Gucci -14%, LVMH -6%, Hermès +5.6%
Iran war fallout hurt luxury Q1: LVMH revenue EUR 19.1B (-6%), Gucci EUR 1.35B (-14.3%). Only Hermès held +5.6% growth; stock fell 8.2% post-results day.
Primary sources · 2
Iran war fallout hurt luxury Q1: LVMH revenue EUR 19.1B (-6%), Gucci EUR 1.35B (-14.3%). Only Hermès held +5.6% growth; stock fell 8.2% post-results day.
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