LVMH share price drops to €609 as luxury stocks slide — investors brace for Jan. 22 results
LVMH shares closed Friday at €609.20, down 2.6%, as European luxury stocks saw their sharpest drop in months. The sector slid after Saks Global filed for bankruptcy and Richemont was downgraded by BofA. LVMH’s full-year results are due Jan. 22. Paris markets are now closed for the weekend.
