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From Kering to Lvmh, for luxury war worse than Covid - Lifestyle

2022-05-15T07:49:34.202Z

The war in Ukraine penalizes the big luxury groups more than Covid managed. (HANDLE)



 The war in Ukraine penalizes the big luxury groups more than Covid managed.

Or at least the repercussions seem consistent on slowing growth: capitalizations in many cases are thinning, with stocks showing a downward trend.

Accomplices, on the international scene, still closures due to the pandemic, as in China, where the goal is to eliminate it.

Factors that undermine the situation on the side of the supply of raw materials, together with increases in energy prices.

The effect does not spare the big names, such as the French group LVMH.


    The capitalization was reduced to 293.4 billion, over 35 less than the 328.6 billion of June 2021, with the stock that closed the week on the Paris Stock Exchange at the levels of April 2021, at 581.3 euros (+2, 8%).

For the other French giant Kering, the loss is almost equal in value, but much heavier in percentage: capitalization fell to 57.3 billion euros from 91.9 billion last June.

The shares had fallen with Covid to 357.6 euros on 18 March 2020, to then grow to 792.1 euros on 12 August 2021 and on Friday they closed at 460.1 euros (+ 2.4%).

The impact on Richemont, the Geneva holding company of haute horlogerie and jewelery, which has 61.1 billion francs (58.6 billion euros) of capitalization, was less impressive, compared to 65.1 billion francs last June.

The stock closed the week at 106,

5 francs (102.2 euros, + 1.3%), after which on 7 December 2021 it had jumped to 144.7.

For Hermes International, the capitalization fell to 112.9 billion euros, compared to 122.3 in last June, in any case higher than the 92.4 in the previous January.

The stock peaked at € 1,675 per share on November 19, 2021, and has now closed at € 1,070 (+ 3.4%), on May 2021 levels.


    Colossi aside, the conflict has an impact on almost all groups.

Prada is an exception, with a capitalization that rose to 13.9 billion, better than the 13.6 of last June, with shares now at 5.4 euros (+ 1.5%), essentially on the levels of June.


    For Ferragamo, capitalization is € 2.6 billion, close to € 2.7 billion in January 2021, but below € 3.2 billion in June, with the stock closing on Friday at € 15.7 (+ 5.2% ), after the minimum of 13.4 euros on 10 May.

Moncler has a capitalization of 12.4 billion euros, close to 12.5 billion in January 2021, but below 15.95 billion in June, and ended the week at 45.3 euros (+ 3.4%).

(HANDLE).


Source: ansa

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