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European luxury shares fall to lowest levels in years as China demand slows

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Coverage spectrum

Covered by 3 outlets across the spectrum.

3 articles in total. The spectrum counts each outlet once and leaves opinion out. How we measure bias

Models in luxury fashion garments walking a runway, unrelated to stock market or China demand.
Image via Financial TimesHow images are chosenReport this image

Shares of Europe’s major luxury groups, including LVMH, Hermès and Kering, are at their lowest levels in years, according to Bloomberg and the New York Post. The New York Post reports that shares of several of these firms are down about 40% so far this year. The Financial Times reports that the sector’s market value has fallen by €250bn, citing a slowdown in China and cooling global stock markets. The New York Post links the decline to Chinese customers cutting back on purchases. Bloomberg reports that recent results from Hermès and LVMH dashed hopes that the industry slump would end soon.

Headline and summary written by Mantle’s AI from the coverage below, under published rules. How this works

What happened

Key points

Each point shows who reports it, from Far Left to Far Right.

  1. Shares of Europe’s major luxury groups are at their lowest levels in years.

    Reported byLeft1Right1See the outletsHide the outlets
    Left
    Bloomberg
    Right
    New York Post

  2. The combined market value of Europe’s luxury groups has fallen by €250bn.

    One outletFinancial Times· Center

  3. Demand from Chinese customers has fallen, and China’s economy has slowed.

    Reported byCenter1Right1See the outletsHide the outlets
    Center
    Financial Times
    Right
    New York Post

  4. Shares in LVMH, Kering and Hermès are reported down about 40% so far this year.

    One outletNew York Post· Right

  5. Recent results from Hermès and LVMH dashed hopes that the industry slump would end soon.

    One outletBloomberg· Left

How each side tells it

Compare views

All three outlets report that European luxury shares are at or near their lowest levels in years. The left stresses valuations and dashed hopes of recovery, the center stresses the €250bn loss in value and cooling markets, and the right stresses share plunges and Chinese customers cutting back.

  • the left

    1 outlet

    Bloomberg frames the event as a valuation story: share prices at their lowest levels in a decade, and results that dashed hopes for an end to the slump.

    Europe’s Luxury Giants Trade at Lowest Valuations in a Decade
    BloombergLeftAll left-leaning headlines

  • the center

    1 outlet

    The Financial Times frames the event as a sector-wide loss of value, tied to fading Chinese consumer demand and cooling global stock markets.

    Luxury groups’ value drops by €250bn as Chinese consumer demand fades
    Financial TimesCenterAll center headlines

  • the right

    1 outlet

    The New York Post frames the event as a sharp plunge, citing a 40% share fall, Chinese customers cutting back and an industry revamp that failed to launch.

    Luxury brand stocks plunge to lowest level in years as LVMH, Kering and Hermès hit with sales declines
    New York PostRightAll right-leaning headlines

The words they chose

Language to notice

Words that carry a judgement beyond the facts. Tap a highlighted word anywhere on the page to see why.

  • Left0

    No loaded words in its own voice.

  • Center0

    No loaded words in its own voice.

  • Right2

    fails to launchjaw-dropping

In the outlets’ own words

  • Loaded verb

    fails to launchMore neutral: has not yet been implemented

    The phrase presents the industry revamp as a failure in the outlet’s own voice without stating what was missing.

    …level in years as Chinese customers cut back purchases and an industry revamp fails to launch.

    Used byNew York Post (Right)

  • Sensational language

    jaw-droppingMore neutral: a 40% decline

    The adjective adds drama to a share figure that is stated plainly in the same sentence.

    Shares are down a jaw-dropping 40% so far this year for the continent’s fashion stalwarts — LVMH, parent company…

    Used byNew York Post (Right)

See the full language guide

See for yourself

Side by side

What each side leads with and what it leaves out. Open a side to read its headlines.

From the left

1 outlet

Leads with

  • lowest valuations in a decade
  • results dashing recovery hopes
  • industry slump continuing

Leaves out

  • Chinese demand as a cause
  • the €250bn fall in sector value

Reported by other sides, not found in this side’s coverage.

See the headline from the leftHide the headlines
  • BloombergLeft

    Europe’s Luxury Giants Trade at Lowest Valuations in a Decade

    Shares in Europe’s biggest luxury firms trade at the cheapest levels in more than a decade, with results from Hermès International SCA and LVMH Moët Hennessy Louis Vuitton SE dashing hopes that an industry slump will end anytime soon.

    Read at Bloomberg (opens in a new tab)

From the center

1 outlet

Leads with

  • €250bn fall in sector value
  • fading Chinese consumer demand
  • cooling global stock markets

Leaves out

  • the 40% share-price fall
  • the recent results from Hermès and LVMH

Reported by other sides, not found in this side’s coverage.

See the headline from the centerHide the headlines

From the right

1 outlet

Leads with

  • sharp share price plunge
  • Chinese customers cutting back
  • industry revamp failing

Leaves out

  • the €250bn loss in sector value
  • the slowdown in global stock markets

Reported by other sides, not found in this side’s coverage.

See the headline from the rightHide the headlines
  • New York PostRight

    Luxury brand stocks plunge to lowest level in years as LVMH, Kering and Hermès hit with sales declines

    Stocks for some of Europe's most famous luxury brands are plummeting to their lowest level in years as Chinese customers cut back purchases and an industry revamp fails to launch.

    Read at New York Post (opens in a new tab)

Articles you open from here build My Mix, a private picture of how your reading spreads across the spectrum, kept on this device. What is My Mix?

The left is Far Left and Left together. The right is Right and Far Right together. Every outlet keeps its own five-point rating.

Who reported it when

How the coverage built up

  • Left

    First to report

    Bloomberg, Oct 23, 1:30 AM EDT

  • Center

    1 day 23 hr later

    Its first report, Oct 25, 1:00 AM EDT

  • Right

    11 hr 47 min later

    Its first report, Oct 23, 1:17 PM EDT

See the order the outlets reported inHide the order
  1. BloombergLeftOct 23, 1:30 AM EDT
  2. New York PostRightOct 23, 1:17 PM EDT
  3. Financial TimesCenterOct 25, 1:00 AM EDT

Times are the ones the outlets published in their own feeds, in Eastern time. Opinion is left out.

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