European Luxury Goods Stocks Were Back in Fashion in 2021 – Barron’s

The relaxation of Covid-19 restrictions, the availability of vaccines, and cash accumulated by consumers during lockdowns fueled an extraordinary 12 months of growth in Europe across a number of sectors.

Top- and bottom-line recoveries in 2021 saw earnings rebound strongly, helping European consumer discretionary stocks rise 31.4% from December 2020 through Dec. 7, outperforming the broader S&P Europe 350 index, which climbed 16.3%, according to independent research firm CFRA.