French Luxury Goods Groups’ Shares Hit by Weak Chinese Data

The logo of French luxury fashion brand Louis Vuitton in Paris, France, on Feb. 4, 2021. Benoit Tessier/Reuters

PARIS—Shares in French luxury goods companies LVMH and Kering fell on Monday after weak economic numbers from China, a leading market for many of the world’s top fashion companies.

Kering was down 1.7 percent in early trading while LVMH retreated by 1.3 percent. Rival French luxury goods company Hermes also fell 1.2 percent.