, Columnist
Luxury Stocks Are Heading to the Clearance Bin
LVMH and Hermes are still waiting for the consumer rebound from China.
Louis Vuitton in the Tsim Sha Tsui area of Hong Kong.
Photographer: Bloomberg/BloombergThis article is for subscribers only.
The best luxury brands rarely go on sale. Not so their share prices.
Valuations across the sector have tumbled on a deteriorating Chinese economy and sluggish US demand. But investors with a long-term view may be able to salvage something from the bursting of the bling bubble.
