Since the beginning of the year, share prices of LVMH, Hermès and Kering have fallen 40%, 39% and 30%, respectively, while Richemont remains roughly flat.
Laure Guilbault is a Paris Correspondent at Vogue Business. She specializes in covering the global luxury goods sector, focusing on themes such as beauty, fashion, and retail, while also exploring the intersection of culture and finance. Laure's work has been featured in prominent publications including Vogue, British Vogue, and Vogue India.