Luxury stocks shine in Europe on LVMH read-across

Swatch groupAG

15/10/2025 08:14

** European luxury stocks .STXLUXP rise across the board, after LVMH LVMH.PA better-than-expected Q3 sales buoy sentiment

** The results provide "a positive signal for the sentiment around luxury stocks," says Vontobel's analyst Manuel Lang

** LVMH itself jumps 12%, Gucci owner Kering PRTP.PA gains 8%, while Hermes HRMS.PA and Moncler MONC.MI gain around 5-6%

** Richemont CFR.S and Swatch UHR.S gain around 5%, Burberry BRBY.L is up some 6%

** The French conglomerate's sales rose 1% driven by improved demand in China, offering some solace to a luxury goods sector grappling with a prolonged slump

** "I would expect the rally in luxury to continue amid stabilisation in China as well as surprise strength in the U.S.," Kepler Cheuvreux's analyst Jon Cox says

 (Reporting by Paolo Laudani)

 ((Paolo.laudani@thomsonreuters.com))