Luxury stocks like LVMH, Hermès, and Ferrari have dropped over 15% since the Iran war began, reflecting concerns about the Middle East's importance to the global luxury market. The region, especially Dubai, has been a major growth driver, accounting for about 6% of global luxury sales and showing rapid expansion. The conflict has led to halted deliveries and cautious consumer behavior, potentially cutting Middle East luxury sales by half in March. Despite this, some analysts believe the impact may be temporary if the situation stabilizes, as wealthy consumers may continue spending elsewhere and companies maintain direct sales to top clients.
Ferrari announced it will publish its financial results for the second quarter of 2026 on July 30. The company will host a live audio webcast and conference call at 2:30 p.m. BST / 3:30 p.m. CEST / 9:30 a.m. EDT, accessible via its corporate website....
Ferrari N.V. has repurchased 28,000 of its common shares on the Euronext Milan exchange as part of the second tranche of its €250 million share buyback program announced in April 2026. This buyback is a segment of a larger multi-year plan totaling ap...
