Luxury Stocks Fall Back after Initial Richemont Exuberance -- Market Talk

Dow Jones
01/15

0857 GMT - Shares in European luxury stocks trade mixed after an initial rally at market open. Stocks in luxury houses opened up after Cartier-owner Richemont posted sales growth ahead of analyst expectations. The results "set the tone for the luxury reporting season," analysts at Jefferies write. But the tide turned around 10 minutes into the trading day. Richemont falls 2.4% after jumping 2% at the bell, and its continental peers follow. Kering and Moncler both drop around 1.3% while Burberry--which was up 1.2% at the open--trades down 1.1%. Bright spots remain in the sector, as French fashion house Hermes gains 0.85% while EssilorLuxottica climbs 0.9%, though both are down from earlier highs. Luxury bears will point to a deteriorating outlook for Richemont in Asia and China, analysts at Morgan Stanley write. (josephmichael.stonor@wsj.com)

 

(END) Dow Jones Newswires

January 15, 2026 04:02 ET (09:02 GMT)

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