Luxury Brands Close Stores in Middle East Amid Air War
New Orleans News Today | 2 Min News | The Daily News Now! · The Daily News Now!
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Show Notes
Global luxury brands like LVMH, Kering, and Richemont close stores in the Middle East amid escalating air war between US, Israel, and Iran. Amazon halts deliveries, Apple and H&M close sites. Retailers like Chalhoub Group close fully in Bahrain, run on voluntary staff elsewhere. Workers and shoppers stay home, airports shuttered, tourism halted. Luxury stocks drop, sales could suffer, potentially hitting travel retail by hundreds of millions. Analysts warn of shifting spending patterns, regional shoppers may skip European trips.
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