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Luxury Stocks Are Set for a Bleak Earnings Season, UBS Warns

Gucci, Cartier and Louis Vuitton are among brands to sign leases for stores in Indian tycoon Mukesh Ambani’s new Mumbai mall, as luxury firms and Reliance Industries seek to profit from strong economic growth and a rapid rise in the number of millionaires.
UBS analysts said Wednesday that slowing demand from Chinese shoppers and the absence of significant pick up elsewhere would weigh on sales. (Getty Images)

Analysts at UBS Group AG are warning luxury stock investors to be prepared for a weak earnings season that will also offer little visibility into the sector’s outlook for 2024.

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