LVMH laying off, Moncler being downgraded and other hardships

LVMH laying off, Moncler being downgraded and other hardships

LVMH is implementing lay-offs. VF Corp is doing the same. Lanvin Group increasing losses. Luxury stocks are being downgraded by analysts, as in the case of Moncler. After Gucci-Kering, LVMH is also facing headwinds that are limiting its growth. The present time of luxury is (very) turbulent. Moncler downgraded HSBC downgraded Moncler from “buy” to…

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