French luxury conglomerate LVMH has warned that revenue in the first quarter of this year will fall between 10 percent and 20 percent as the COVID-19 coronavirus outbreak has stalled retail and manufacturing operations.
Roman jeweler Bulgari has joined its fellow brands in the LVMH portfolio with the decision to make hand-cleansing gels for donation to an embattled Italian government fighting the COVID-19 coronavirus.
LVMH Moët Hennessy Louis Vuitton, the world’s leading luxury conglomerate, has postponed its annual meeting over the restrictions arising from the COVID-19 coronavirus outbreak.
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Luxury conglomerates Kering and LVMH are pitching in with masks, hand sanitizers and donations to defend their French homeland against the further spread of the COVID-19 coronavirus pandemic.
French luxury conglomerate LVMH Moët Hennessy Louis Vuitton SE has put the kibosh on rumors that it was buying U.S. jeweler Tiffany & Co.’s shares on the open market as the stock took a major beating last week.
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Elsewhere in luxury: Marriott, hotel owners furlough thousands of workers, cut staff; Sol Kerzner, pugnacious businessman who developed the controversial gambling resort Sun City – obituary; Emirates Airline steps back from suspending all passenger flights after lobbying from governments; Inside the factory: how LVMH met France’s call for hand sanitizer in 72 hours; What does “dressing for work” mean now?
I connected with Sophia Jin last Sunday, March 15 afternoon. Because of the coronavirus, most of China is home quarantined, which makes it hard to distinguish a weekday from the weekend.
The effort is aimed at stemming the shortage of anti-viral products in France as the country tackles the coronavirus outbreak.
