Here’s why Hermes, Burberry, and Kering stocks have diverged

Something is happening in the luxury goods industry. In France, Hermes (RMS) stock price has surged to a record high while Kering (KER) has plunged to its lowest level since October 2017. It has crashed by over 54% from its highest point in 2023.  The same trend is happening in the UK, where Burberry (LON: […]