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

Rivet’s 2021 winter issue has dropped! This in-depth issue examines the steps the global denim industry is taking to minimize its impact on the environment, from implementing zero waste production and design processes to establishing greenhouse gas emissions goals aligned with the Paris Agreement.

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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