Luxury Daily’s live news: Employee loyalty, already strained pre-virus, now under severe test with furloughs and layoffs; Private jet travelers split on where 2020 will end up: survey; Kering, LVMH accelerate support to coronavirus-embattled France with arrival of masks, hand sanitizers; LVMH denies open-market purchase of Tiffany shares.
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.
Luxury Daily’s live news: New York, big domino of luxury, falls silent; Kering estimates Q1 revenue to drop 13-14pc over COVID-19 fallout; Bentley Motors halts production at plant headquarters as COVID-19 precaution; Tiffany Q4 sales up 3pc to $1.4B, fiscal 2019 revenue down 1pc to $4.4B.
Luxury Daily’s live news: New York, big domino of luxury, falls silent; Kering estimates Q1 revenue to drop 13-14pc over COVID-19 fallout; Bentley Motors halts production at plant headquarters as COVID-19 precaution; Tiffany Q4 sales up 3pc to $1.4B, fiscal 2019 revenue down 1pc to $4.4B.
The owner of fashion houses such as Gucci, Bottega Veneta and Saint Laurent said the second-quarter revenue will be sharply impacted by the effect of the COVID-19 coronavirus pandemic on local clients and tourist traffic.
Luxury Daily’s live news: First Insight’s Greg Petro on whether the coronavirus will alter consumer behavior; Kering sponsors French animated series tribute to courage women; LVMH, saluting women, debuts first in-house radio program and podcast support; Worldwide female income to reach $24 trillion this year, impacting product design and marketing.
Luxury Daily’s live news: First Insight’s Greg Petro on whether the coronavirus will permanently alter consumer behavior; Kering sponsors French animated series tribute to courage women; LVMH, saluting women, debuts first in-house radio program and podcast support; Worldwide female income to reach $24 trillion this year, impacting product design and marketing.
French luxury conglomerate Kering will support the launch of a new animated series adaptation of “Culottées” (“Brazen”) as part of its commitment to women in creative fields.
Luxury Daily’s live news: Google parent Alphabet, Facebook duopoly to overtake TV spend for first time; Gucci owner Kering salutes World Wildlife Day in sustainability mission; Armarium, challenger to Rent the Runway in fashion rentals, falls victim to unforgiving retail market.
Luxury Daily’s live news: Google parent Alphabet, Facebook duopoly to overtake TV spend for first time; Gucci owner Kering salutes World Wildlife Day in sustainability mission; Armarium, challenger to Rent the Runway in fashion rentals, falls victim to unforgiving retail market; Register now: Women in Luxury conference New York April 15.
