# Investors flee from leading luxury stocks like Hermès and Gucci.

*business · news · 2026-04-16 · City A.M.*

## Key points

- Kering shares dropped over 11% after reporting a 6% decline in year-on-year revenue to €3.5bn.
- Hermès revenue fell 1% to €4.07bn, with shares dropping nearly 8% this week and 22% this year.
- LVMH reported €19.1bn in revenue, hit growth by 1% from the Iran war, and shares are down 24% this year.
- Luxury brands are now facing significant declines not only in the Middle East, but also in China and Paris.
- Burberry’s diversified pricing, including new lower-priced products, has made it more resilient than its overseas competitors.

**Companies:** LVMH, Kering, Hermès, Burberry
**Countries:** France, United Kingdom, Iran

[Read the full story on City A.M.](https://www.cityam.com/hermes-lvmh-shares-tank-in-dismal-week-for-luxury-brands/)

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