Sales for top-notch luxury players were good in the first three months of 2022, mostly thanks to Europe and the Americas — as China faced new COVID-19 problems. Image credit: Gucci
LVMH, Hermès and Kering suffer from China’s COVID-19 clampdown
Posted By a Luxury Daily columnist On In Featured,Industry sectors,Retail | No Comments{"ct":"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","iv":"30e35928f1a393d31925991c63dbeae0","s":"562a2be9bbea9014"}