After the winnings the previous day, luxury values gave in again on Thursday.
The biggest loser was the Gucci mother Kering, whose values fell by five percent after disappointing sales figures. Essilorluxottica also weakened for the first quarter after numbers. This was about 2.8 percent down. Burberry
Kering makes the crisis difficult to make with its core brand Gucci. In the first quarter, the group turnover was sagged 14 percent to 3.9 billion euros, whereupon it hailed lower price targets. The analysts of Deutsche Bank spoke of great uncertainty about further development. The weakening in almost all markets was even stronger than the competitors.
Essilorluxottica had increased sales in the first quarter to 6.85 billion euros. Nevertheless, the UBS bank only talked about a mixed figure. The weakening in North America, customs risks and currency loads led the house to lower its estimates and the price target for the share of the optics group.
Sobering signals in the US customs dispute also contributed to sector weakness. According to his finance minister Scott Bessent, US President Donald Trump has not made a one-sided offer. There is no one-sided proposal by the President for the de-escalation, said Bessent, according to several US media, after appearing in the US capital Washington. Previously, the “Wall Street Journal” had reported that the White House was considering a reduction in the high tariffs on goods to China. The luxury values had reacted strongly to the signals in the customs dispute in the past few weeks.