Luxury Market Tracker — 2026-10-07
LVMH has lost $167 billion in market value this year as Chinese shoppers cut handbag spending and pivot toward domestic brands, exposing cracks in the global luxury empire. Simultaneously, US luxury spending is slowing ahead of midterm elections, signaling a broader consumer caution across key markets. Despite the downturn, Richemont continues to outperform, highlighting a divergent sector where jewelry and quieter status symbols are gaining favor over traditional logo-heavy fashion.
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