Paris, Jan 18, 2026, 21:21 CET — Market closed.
- Hermès shares closed Friday in Paris at 2,190 euros, slipping 2.1%.
- The broader European luxury basket plunged heading into the weekend, as investors flagged concerns over valuations and geopolitical tensions.
- Attention turns to whether luxury stocks can hold steady on Monday and what Hermès will reveal in its upcoming earnings report.
Hermès International shares slipped 2.06% to close at 2,190 euros on Euronext Paris Friday, leaving the stock poised for another sentiment check when trading resumes Monday. 1
The decline coincided with a broader sell-off in luxury stocks. The pan-European STOXX 600 closed unchanged, but the region’s luxury index—a collection of listed luxury firms—tumbled 3.2%, marking its steepest single-day fall since early October, Reuters reported. 2
“European equities aren’t cheap anymore, but they’re not expensive either. That said, the margin of safety that investors had previously is gone,” Michael Field, Morningstar’s chief European equity strategist, told Reuters. Richard Flax, Moneyfarm’s chief investment officer, called it a late-week “pause” following a strong start to the year, with uncertainty still dogging the markets. 2
Hermès matters here because its stock is seen as a gauge for luxury discretionary spending — and when markets get shaky, investors usually trim pricey defensives just like cyclicals. Monday’s open will reveal if Friday’s moves were just a quick pullback or the start of a bigger trend.
On Friday, Hermès shares fluctuated from 2,190 euros up to 2,245 euros, with a total volume of 71,036 shares traded, per historical data. 3
Exchange figures revealed a session turnover near 156.1 million euros. 4
The decline wasn’t limited to Paris. Shares of Richemont, LVMH, and Kering often move in tandem, as portfolio managers adjust their “luxury” holdings in one sweep—especially when broker reports or changing risk appetite trigger selling pressure.
The week ahead will continue to show mixed signals. Investors are set to sift through earnings and outlooks across Europe, searching for clues on demand, pricing power, and inventories. They’ll also keep a close eye on whether the sector’s selloff worsens or eases once liquidity returns after the weekend.
The risk here is clear. If investors remain fixated on high valuations and macroeconomic uncertainty, luxury stocks could slide further—even without any negative news from the companies themselves. Hermès isn’t exempt from this downward pressure.
Hermès is set to release its 2025 annual results on Feb. 12 at 0800 CET. Investors will be focused on the company’s outlook for growth, margins, and trading conditions as 2026 approaches. 5
