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LVMH profits sink and pressure on the luxury market continues

LVMH profits sink and pressure on the luxury market continues

by moosa.nayeem | Jul 30, 2020 | Leather, News & Insights

The France headquartered luxury group said its profits were severely hit by Covid-19’s impact on Europe and the U.S. despite promising signs of recovery in China. However, despite a sales drop of 37%, the Group expressed confidence that it can ride out the economic...

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