LONDON — Swine flu could be the next blow to Europe’s luxury goods stocks, which have already taken a beating in the economic downturn.
Shares in Burberry Group, Compagnie Financière Richemont SA, Bulgari SpA, LVMH Moët Hennessy Louis Vuitton and PPR all fell on European stock exchanges Tuesday, the same day it was confirmed the virus had spread further afield from Mexico and the U.S. to countries including Canada, France, New Zealand, Israel and Britain.
Hermès is launching a Laundromat pop-up shop in NYC - dubbed Hermèsmatic - where customers can bring their old scarves to be dip-dyed by an expert. Get all the details on WWD.com. #wwdnews (📷: @donstahl)