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LVMH, Eyes May/June Reopening, Says Revenue Slid 15% in Q1

Fashion is at a crossroads: continue with cutting-edge strategies developed to persevere during Covid or slide back into familiar (yet unprofitable) habits? Get the experts' perspective at our in-person Sourcing Summit, Oct. 19 at New York’s Cipriani 42nd Street.

French luxury firm LVMH Moët Hennessy Louis Vuitton felt the sting of the coronavirus outbreak in Q1, when the company said revenue tumbled 15 percent. In a Nutshell: Hoping to gradually restore its global network of flagships and boutiques in May or June, LVMH emphasized it has proven its ability to be “resilient in an economic environment…

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