Luxury stocks slip as fears grow of a prolonged downturn

Luxury stocks slip as fears grow of a prolonged downturn

An advertisement for Hugo Boss AG in Shanghai, China, on Wednesday, May 1, 2024.  Bloomberg | Bloomberg | Getty Images LONDON — European luxury stocks tumbled Monday as analysts warned of a deteriorating demand outlook, particularly among high-spending Chinese consumers. Germany’s Hugo Boss was among the worst performers on the Stoxx 600 index by midday, … Read more