TD Cowen Downgrades Capri Holdings to Hold, Lowers Price Target to $17

LVMH Q3 Sales +1% Organically To €18.50 Billion; Q3 Fashion & Leather Goods Sales -5% Organically To €8.25 Billion; Says Fashion & Leather Goods Affected In Q3 By Slowdown In Demand In China; Fashion & Leather Goods Continued To Benefit From Buoyant U.S. Market; Says Economic, Geopolitical Environment Remains Uncertain; Says Will Focus On Enhancing Desirability Of Brands

https://www.lvmh.com/en/publications/continued-growth-in-the-third-quarter-of-2026

Bernard Arnault’s Net Worth Craters by $77 Billion as LVMH Stock Crashes

Bernard Arnault, the richest person in Europe, is having a bad year as its net worth plunges amid woes in the luxury goods industry.

Shares of apparel and footwear companies are trading higher after peer On Holding affirmed its FY26 sales guidance and issued Q3 sales guidance.

On Holding, Viking Therapeutics, Shopify And Other Big Stocks Moving Higher On Tuesday

U.S. stocks rose, led by On Holding's 13% surge after strong guidance and a $1B buyback; Viking Therapeutics and others also gained.