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European Luxury Stocks Drop as Iran War Stymies Sector's Comeback

By WSJ April 15, 2026 Bearish
European Luxury Stocks Drop as Iran War Stymies Sector's Comeback
Hermes said its performance in the Middle East was significantly impacted and results in France—where more than 50% of sales are linked to travelers—were also hit.
Hermes said its performance in the Middle East was significantly impacted and results in France—where more than 50% of sales are linked to travelers—were also hit.