Luxury Companies Face Divergent Fallout From War -- Market Talk

Dow Jones03-23

1046 GMT - European luxury companies could be hurt by the Middle East war, but to varying degrees, RBC Capital Markets analyst Piral Dadhania writes. The sector will face fallout from the conflict including a decline in purchasing power, travel disruptions, and supply chain issues, the analyst says. Recent stock price declines reflect fears that the war will continue to weigh on demand and earnings in the second and third quarters, the analyst says. Despite these challenges, Dadhania sees Hermes, Moncler and EssilorLuxottica as attractive opportunities due either to limited Middle East exposure or high margins. Swatch, Richemont and Kering face higher risks to earnings. (andrea.figueras@wsj.com)

(END) Dow Jones Newswires

March 23, 2026 06:47 ET (10:47 GMT)

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