Burberry 9615S Handbag

Luxury goods are again on the rocks. On Tuesday, clothing retailer Burberry Bags Group PLC warned that its global sales growth has slowed to a crawl. The shares plunged 22 per cent in London and dragged down other stocks associated with the high-end market, such as jewellery retailer Tiffany & Co., champagne-and-handbag maker LVMH and Gucci brand owner PPR.

But investors have seen this play out before. During the 2008 financial crisis, luxury Burberry 9615S Handbag companies were hammered disproportionately to the broader market, on concerns that no one would want to buy expensive clothing or jewellery when jobs, banks and entire economies were disappearing.zzff0927