European Luxury-Goods Stocks May Benefit

Gianluca Colla/Bloomberg

An Altiplano Skeleton 1200S wristwatch by Piaget, a watchmaking unit of Cie. Financiere Richemont SA, is arranged for a photograph at the SIHH watch fair in Geneva, Cie. Financiere Richemont SA and LVMH Moet Hennessy Louis Vuitton SA are among stocks that would benefit disproportionately if the currencies fall further from year-ago levels, according to Thomas Mesmin, a Paris-based analyst at brokerage CA Cheuvreux.