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The slowdown for companies like LVMH and Gucci-owner Kering could be just beginning
Contrarian investing has a decent record in the luxury sector, but this month’s selloff isn’t a great reason for investors to go on a shopping spree.
Investors seem to be looking for any excuse to sell luxury stocks just now.
This week it was slightly underwhelming third-quarter sales numbers from luxury conglomerate LVMH Moët Hennessy Louis...