March 23, 2020
Luxury Daily's live news:
Employee loyalty, already strained pre-virus, now under severe test with furloughs and layoffs
Luxury companies were quick out of the gate to signal that they would support employees for two weeks with pay and healthcare. That period for many employees ends next week.
Private jet travelers split on where 2020 will end up: survey
Contrary to many media reports, private jet travel may take a hit this year as consumers batten hatches with the spread of the COVID-19 coronavirus pandemic.
Kering, LVMH accelerate support to coronavirus-embattled France with arrival of masks, hand sanitizers
Luxury conglomerates Kering and LVMH are pitching in with masks, hand sanitizers and donations to defend their French homeland against the further spread of the COVID-19 coronavirus pandemic.
LVMH denies open-market purchase of Tiffany shares
French luxury conglomerate LVMH Moët Hennessy Louis Vuitton SE has put the kibosh on rumors that it was buying U.S. jeweler Tiffany & Co.’s shares on the open market as the stock took a major beating last week.
US legal factors to consider for remote-working arrangements
Working from home during the ongoing COVID-19 coronavirus crisis may bring forth a raft of legal issues for brands and retailers operating in the United States and U.S.-owned companies operating abroad.