Luxury stocks' valuations have fallen to fast-fashion levels as a 20-year growth trend fades, analysts say.
The Wall Street Journal analysis indicates that shares of luxury goods companies such as LVMH and Prada are currently trading at unusually large discounts, with their valuations having fallen to the levels of fast-fashion brands Zara and H&M. Analysts believe this reflects investors' growing concern that the luxury industry's growth trend of the past two decades is fading, and its best days may be behind it.
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Disclaimer: This content reflects the author's personal views only and does not constitute investment advice.
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