J P M O R G A N Europe Equity Research 14 August 2026 European Luxury and Sporting Goods Weekly Timely & Priceless The European Luxury Goods sector was down 4% this week, underperforming the MSCI Europe Index (flat). It was a relatively quieter week from a newsflow perspective after a very busy earnings season. Share prices were soft in general, unwinding following a few strong weeks. Among the biggest movers this week were Burberry (-8%), Kering (-7%), Prada (-6%, following last week's +18%), Zegna (-6%), ...