For the full-year, Bain is forecasting luxury sales of apparel, handbags, footwear, watches and beauty products of €189bn to €220bn ($203bn to $237bn). The degree of the year-end hit will depend on whether there are rebounds in the local markets or another round of lockdowns, should the virus peak again.

If you are interested in trading high fashion stocks and shares, see our selection of some of the best stock brokers to trade with. Alternatively, if you wish to trade derivatives we also have a selection of CDF brokers for consideration.