Luxury Stocks Tumble on Demand
This is a Germany news story, published by CNBC, that relates primarily to Hugo Boss news.
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European luxury stocksCNBC
•Luxury stocks slip as fears grow of a prolonged downturn
77% Informative
Luxury stocks tumbled on Monday as analysts warned of a deteriorating demand outlook.
Germany 's Hugo Boss was among the worst performers on the Stoxx 600 index, down 4% at 12:11 p.m. in London .
"I think most people were hoping things would improve in the second half of the year — no sign of that happening at all at the moment," Kepler Cheuvreux's Jon Cox said.
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