Business
Luxury Stocks React to Proposed U.S.-Iran Peace Deal
The luxury goods sector has seen a significant boost following the announcement of proposed peace talks between the United States and Iran. LVMH, among other companies, saw its stock rise by almost 5%.
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CNBC
Luxury stocks have been hard hit by the Iran war, as the Middle East had been a fast-growing market for the otherwise largely muted sector.
2026-06-12 08:37 UTC