"The luxury goods industry could be in for a prolonged period of weakness, we've already seen it for a couple of semesters."
Read Also
- ‘Get away from Hezbollah’: Has Israel hacked Lebanon’s telecoms networks?
- Iran ready to resume nuclear negotiations immediately: Foreign minister
- Would-be Trump assassin Ryan Routh stalked ex-president for month, prosecutors say
- The UN Charter needs rewriting
- Live Updates: Israel and Hezbollah Trade Heavy Fire; Over 100 Killed in Lebanon, Officials Say
- Montreal stabbing turns fatal after man, 19, dies from injuries
- Can Kamala Harris beat Donald Trump? Latest poll updates
- Russian cosmonauts touch down in Soyuz capsule after record-breaking stay on ISS
- Trump says he won’t run again if he loses election as he leads in Georgia, Arizona and North Carolina, poll shows: Live
- Philanthropist Bill Gates and musician Jon Batiste team up to fight global hunger
Latest CNBC
- Would-be Trump assassin Ryan Routh stalked ex-president for month, prosecutors say
- Luxury stocks slip as fears grow of a prolonged downturn
- Battery giant Northvolt to cut 25% of workforce in Sweden as part of a major cost-cutting drive
- Britain's finance minister calls for spending discipline but no return to austerity
- UniCredit boosts its stake in Commerzbank, applies to own up to 29.9% of the German bank
- Europe careens toward a downturn as its biggest economies fight crises at home
- TSMC and Samsung in talks with UAE to build chip megafactories, WSJ reports
- European markets flat as French and German PMIs point to renewed downturn; Commerzbank down 5%
- A stunning sterling rally is about to collide with Britain's political realities
- CNBC Daily Open: Some aren’t convinced of a soft landing