Luxury stocks have been quite mixed this year, with decent performances at the start, but hiccups towards the middle and end. This was mainly due to the increased cost of living and soaring inflation in several European countries eroding away disposable income. The customary holiday and Christmas surge in sales has also not come in as expected. Consumers have been moving towards more practical and moderately priced goods in an attempt to save a few extra pennies. Second-hand and more sustainable gifting practices have also contributed to this dampened sentiment. At the time of writing, LVMH su…