LVMH Stock Hits 6-Year Low as China Luxury Demand Slows in 2026

TLDR

• LVMH stock closed at $501.09 on September 4, down roughly 2% for the week, after hitting a six-year low of ~$494 on September 3
• The stock has fallen around 33% in 2026, dropping from ~$750 to ~$500
• Bernstein analysts cut their Q3 industry organic growth forecast to 4.9% from 6.3%, citing a slowdown in Chinese luxury mall sales
• About 60 million middle-class “aspirational consumers” have exited luxury spending over the past three years, per Bain
• Luxury prices have risen 50-70% since 2019, pushing price-sensitive buyers toward jewelry over handbags

LVMH stock is having a rough 2026. The luxury giant closed at $501.09 on September 4, just days after hitting a six-year low of around $494 on September 3. That marks the weakest monthly level on the chart since 2021.

LVMH Moët Hennessy – Louis Vuitton, Société Européenne, LVMHF

The stock has shed roughly 33% this year, falling from around $750 in early 2026. LVMH’s market cap on the Paris exchange now sits at around 213 billion euros, less than half its 2023 peak, and back to levels last seen in January 2020.

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