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LVMH Sees Profits Tumble 84% in a First Half Crippled by Covid

COVID-19 recovery is on the horizon but the pandemic's impact on sustainability, retail, product development and consumer buying patterns means the denim industry must evolve. Join Rivet on April 20th at 11 am ET for the COVID, One Year Later roundtable.

Luxury retail group LVMH Moët Hennessy Louis Vuitton saw its profits suffer a severe decline in the first half as the coronavirus pandemic crippled its business worldwide. In a Nutshell: While the half could have been better, it also probably could have been far worse. The public health crisis impacted the company’s revenue worldwide, and…

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