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Finance

European luxury stocks jump after Richemont smashes expectations

Published by Global Banking & Finance Review

Posted on January 16, 2025

1 min read

· Last updated: January 27, 2026

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European luxury stocks surge as Richemont reports strong sales - Global Banking & Finance Review — The image illustrates the sharp rise in European luxury stocks following Richemont's impressive sales results, highlighting the optimism in the finance sector.

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(Reuters) - European luxury shares soared on Thursday as Cartier owner Richemont's third-quarter sales beat revived optimism for the battered sector. Richemont shares jumped around 15% to their

European Luxury Stocks Surge After Richemont's Strong Sales

(Reuters) - European luxury shares soared on Thursday as Cartier owner Richemont's third-quarter sales beat revived optimism for the battered sector.

Richemont shares jumped around 15% to their highest since May 2023 and were set for their biggest intraday rise since October 2008.

At 0831 GMT shares in French luxury companies LVMH and Gucci owner Kering were both up around 7%. Italy's Moncler was up around 7.7% and Burberry rose some 6%.

A broader index of European luxury stocks soared over 7%, set for its largest one-day rally since its inception in May 2022.

(Reporting by Linda Pasquini and Samuel Indyk; Editing by Amanda Cooper)

Key Takeaways

Richemont's sales exceeded expectations, boosting luxury stocks.
Richemont shares rose 15%, highest since May 2023.
LVMH and Kering shares increased by around 7%.
Moncler and Burberry also saw significant stock rises.
European luxury index had its largest rally since May 2022.

Frequently Asked Questions

What is the main topic?

The article discusses the rise in European luxury stocks following Richemont's strong sales performance, impacting major brands like LVMH and Kering.

Why did Richemont shares rise?

Richemont shares rose due to their third-quarter sales exceeding expectations, boosting investor confidence in the luxury sector.

How did other luxury brands perform?

Other luxury brands like LVMH, Kering, Moncler, and Burberry also saw significant stock increases, reflecting positive market sentiment.

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