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Luxury Stocks Face Most Bearish Sentiment in Years, UBS Says

War in the Middle East, the luxury industry’s fastest-growing market, threatens to delay a long-expected rebound in demand.
Gucci's pre-fall by Demna was another archival-inflected appetiser for his debut show in February.
Gucci's pre-fall by Demna. (Gucci)

Investors have adopted the most pessimistic outlook on European luxury stocks in years as the war in the Middle East threatens to delay a long-expected rebound in demand, according to UBS analysts.

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