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LVMH expects pandemic to dampen sales for some time yet

LVMH expects pandemic to dampen sales for some time yet

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The fallout from the coronavirus crisis will weigh on LVMH’s (LVMH.PA) earnings for some time yet, though there were some signs of recovery this month, executives at the world’s biggest luxury goods group said on Tuesday.

 

Second quarter earnings at the owner of Louis Vuitton and other brands will be hit particularly in Europe and the United States, Chairman Bernard Arnault told a shareholder meeting, conducted online. […]

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Featured photo : © LVMH

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