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COVID-19 Slams Lenzing’s First Half Revenue and Earnings

Rivet's 2020 Denim Circularity report takes a deep dive into how the global denim industry is plotting its circular future amidst a worldwide pandemic.

The decline in demand after the coronavirus spread throughout the globe in the middle of the first half hit Lenzing’s top and bottom lines. In a Nutshell: The Lenzing Group said Wednesday it faced a “historically difficult market environment” in the first half of the year, with increased pressure on prices and volumes resulting from…

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