Source: Bloomberg
Summary
RBC Capital Markets reports that the U.S. strikes on Iran and retaliatory attacks in the region will impact luxury demand, particularly due to flight cancellations and the attacks on Dubai.
Our Reading
The look feels familiar.
RBC Capital Markets cites the impact of geopolitics on luxury demand. The Middle East is a key market for luxury brands. Dubai is a major luxury hub. Flight cancellations and attacks on the city will likely affect sales. Luxury demand has been affected by global events before.
Author: Evan Null
