This Is No Time to Bag a Luxury Bargain

By Anonymous

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...