Consumer companies were flat as traders hedged their bets ahead of inflation data Thursday.
Shoemaker Birkenstock fell on its stock-market debut, another blow to deal-makers’ hopes for a thawing of the frozen pipeline in initial-public offering deals. Luxury chains were mixed a day after a growth warning from the largest couture house, LVMH Moët Hennessy Louis Vuitton. LVMH’s losses compounded, while shares of Kering rebounded.
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