Shares in Europe’s biggest luxury firms trade at the cheapest levels in more than a decade, with results from Hermès International SCA and LVMH Moët Hennessy Louis Vuitton SE dashing hopes that an industry slump will end anytime soon.
Source: [Bloomberg Markets](https://www.bloomberg.com/news/articles/2026-10-23/europe-luxury-lvmh-hermes-trade-at-lowest-valuations-decade)