Luxury: Bank of America rips into the luxury sector

Bank of America soaped up the European luxury goods market this morning, by advocating caution in the sector. “The sector’s weak sales growth is likely to continue in the second half of 2024 and into 2025, leading to pressure on margins and a lack of EBITDA growth”, says the US bank in a note endors…
© MarketScreener.com 2024