Day: September 8, 2024

How Europe’s ‘luxury answer’ to US’ ‘Magnificent Seven’ tech cos is staring at $200 bn-plus lossHow Europe’s ‘luxury answer’ to US’ ‘Magnificent Seven’ tech cos is staring at $200 bn-plus loss

Europe’s luxury brands are facing challenges amid a tough global economy and China’s economic downturn. Major companies like Kering, Burberry, and Hugo Boss have issued profit warnings. LVMH reported minimal