War in Iran Wipes $100 Billion from Luxury Goods Makers' Stock Values

Luxury goods manufacturers have lost $100 billion in stock market value due to conflict in Iran, with shares falling by at least 15 percent. The sharp decline reflects reduced sales and market concerns about the impact of regional instability on the high-end consumer goods sector. The war has disrupted supply chains and diminished demand in key markets, leading investors to sell off positions in luxury brands and related companies.