Sales for top-notch luxury players were good in the first three months of 2022, mostly thanks to Europe and the Americas — as China faced new COVID-19 problems. Image credit: Gucci
LVMH, Hermès and Kering suffer from China’s COVID-19 clampdown
Posted Bya Luxury Daily columnistOn In Featured,Industry sectors,Retail | No 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x477Zu9ZFKwRxf2Wty6MjezCML6JGkF8RJL8fSHARpJ2inwSoXklkXbv\/MRelblTGeabNp6l1kYS2hfYziLcJIFBo3LrrV5z2Fx0f+s1FwD7AjvIqQtyxN1kArtG95dolH1tPFNM3Ms+6FJVMj6yuZccUnkmKBWliQNYkQYACNBaByHHxgjD4dQlsZqG1Rz7nB49rX9mXpCN66IecMWJHeYhBHaLNTaxtlDotOYE2\/AAJ4TE1UaBv7TLafLv+mgg9y4Q3MCcvLM7OlQ2MUDNpSjlyPEQlQlQSBcKhKnrM7GrSbJgsAmTRY\/IeswxCRtMQeQdsglWYg3MJUHUW\/QZ7BGeTEsg0hqfBrl0d6bBaAgQYECkXd\/YwN2CkTb4fuJMVUdlud7c79hnW9f4VvEjGjIMWoHbxorcjNJdXyenq29lfVTf43zzeFkXdGCsWPKrUOAazMPXfICAvDZQA8fGsukzwNY3yWiC1s8e6RYVcJsfuE9Hu9WnIieYeeqAHJUjgyWhXvICbBTwt5b9+bHGR2BtWw6y2b\/w0weyQR7+wwkAYAWOEekTnVyvVy+jHVZGUrn6GHXzOqlizJkbXVP\/j09EwUCUWZb9b8NRYh31m9NYebTgx7\/5WxJ5PSTxJCpTgMfJtIFyQPMGl6IifBIloVcB4rHw2twf8yuhQC8VrMmo8d7uWCFLXyzcHtYna5JRuYJFE6Fq81XzXLqEeFHoB6h204sLW+vVwDibk58KXs1mJzmW0VmjqRk8U2Sc5yFpsyJVuAousCXGsX5mo3tur2Q0+GTAxVyPsN0hCGBgiF9lmfAZVSUsKgXklTf4t5ucavJdDt+q3bUZ3W++REUAcz7fNyid1kW7H4ZD8goJPuzKlB7jax3V1Oc0wIpyI+IhDN0p2FwKkPJ\/gQsW0Ca\/NE3OA9dmKemBsTxBCHtKkvuK0Oa4NhjMIt841GsUyyaRDFUU2dbdvAbpWdNq3eRTuxMMZz7B9jHmnXHW94aAdpzHunJ1NNrU73yzwo47630MCyVRtipeSu\/S+vggDbPn8LLkIgMyAKL2pvQaDdAnuGGshbD4mQNBd5Ixz4J34AJwWUgQ0bmXpgvT+FpW7Up2QJbO90\/2XO5pEAVVAzFd8cdLZ8DYftshVUJlD8alCF8+JDyFdvWyzLlJhTvWxnWeU0SYZ3bIPNVCeEudI4tQLACWAK+8gs\/qFrpNacbN7JjBdnDlnWhm43iwaoi0XsGpy35dsNYR6YUF7rMlBL5i4B+X7TcrlKffwC9H11S\/E43liX2\/A060YFh4bkTluOkiK+Q5vBHtD1s0RIjX9CgY1pCynMLvJ6XMJ85Hg8jk9OVcH3Du\/7BxkbHpVlLJOo0oQKHYaUxHVkXEQXBVYUf4MspDcHHstjzQhQdf4Azb0f2UOhw+zylkYq+AAwD3nslI0qWKa4zUVG8XjLcUANno+sGH57Ku3gkL0rHe8Cy4eFiby7A+J1YRIcWSP26AkMZagjV6dICGqxKxOv0gB\/k\/lAxnlnILAYd28iClrQ09Gj9ezjI2UD5Kt00zV02a4oGWn9SIeLfuh2z8wlzzOixSgLp1NpUB6n7tnSW\/XEr9cEKvHaN3r48bA7mYXI\/PR3RvJmPBHfjJWrrymWq81YzJ\/I0P6bLTDr6UDL6aL33+raTBkMU8B7Z3ZSE+J0ZWH7qhZ78gTBlxcrUfkghI1DMKBbbO+m5mjJYuxvRXXOWQxzuT0MWXNI7ofqHS88vw2CeTKB413vDFwyM\/fJy0qKTIiXXl4a3iuvXGY++YqdHGisjUR11lrZ3X30sylJtLNrUKA1ws3WY8arKEDCWG\/61jlc7o25jbPmbSVAXjqc5TxBhtpbd0\/s3ahy6toQSY+5nUfU60BRmnIxCesJQO7KXQWtwznDi0pa5KZM8plNLrf29iWojNUnZoQMNv+ItX2CfZGTKOQLWHX\/UjY2zeppI0UoEAtvUHyDtS3nAZUamfbWspkuobS8XWxMXk2snKA\/NQTU+d2ZSrbvpmMIwWMgrzJmJtWI0OC1JvvIN6Al9c2dhz0KhDP49Nu5WQX\/BZENgYs\/iYgwOAt8gEW1iwMeKiiJ0omf0kScZ7daGalAEsvqRkSvGNUdConucRPYr1ZFIgablqtSFrfQkpU3Qp\/5CG3eCEUc5FL5qfQd2sPp5DZfLdq8FfZ9+0zGJSxXRrITCwBcHth\/gkl37G\/QTxo0Ox74Z45SeFS0nokTZvP1x8puFL5M0c7OFB3OuDoOurYkB2fOPZmf86jgZnzecxgRadggb6YrH5DDqci8WUDHdqoXKPn2+OW3DkrkHHYtIacouiPhSQ8d+qvyOfXPeOCquMN76ngKKTUVABnO+cgxQfkZW500ZGdO9PesscmNpJfwHwG2I7rJq0biZBpeVZT6V9MJiYS\/vF5cimLyZtzX8njJbF2g3GLmTBNzgtxJl63Jq7BBl4KHNa5hhEEDcs2DlXdMYtPe1+yTaiukJuJrkYDPCaula7NydqBxHVAS3nX076850F0COoVl+m5DAO9\/wBluxiaebWfSMclBBbojqC+2ig5I2gwO\/eSTBSO43pYMhVp0loIEF++ycUKCyrfLSQQRxjzDMxZeWW1WxceBJ9zTIsOS8obNimPAhPXfCU2VZmFV4Gxs52sfXVs4qMrPDhF4SNYFIxvxGoHgFHDc50nFhVg4bJnO7mPWIHwzoNtqL7a5mMn+D4iGWDFMo1npw8JMQkOh3BTz2PBQIFWvLmIDlTtok4BZlpUpzRqzkM9kF3Bn9s\/NMiyMLLMe37xideqJl5Fcs1gSYyqvQEOpUy8zQmaAs65c8hSDMgyFCxKr0YLJDor8R3cfQungDSEnEBIl8klxJpolWJy2pl\/V\/l9Q9Si8XHq3xdN0OQDGMozmTgw0SMAxXzKk8LRhPtUaI3lu5Z2n4CLjMeVc57+KxYdtUbSnEOrkhrCzIkn9SjCCuTSH95o3ooaOEYs74ot1y1n8i1sUPj8LEh\/H1HdDK8ohTuu0IwHqoIcYjNkrbje+zOvz0X50n2STSzcKf1qakYKPvjPLcajLpO0O6VuUFbGJhZ59MARR741Z4Q+p3tGf\/P2YkVkzJUzpMGsejf9MNdvJhsTXUqZYTmn3EqVIbfaKONSzz2ssq705c0v5iT2ym4pi3U32xYHp18PP+5PdeWexsnm4+1aenDsKbtD4IW5RqkJHy8BaGtCMcweQxOqnHAhWz+PF2U2nTu+gq7KiDxWxTgyURSJvFTLTyY7hUdICaF7p4RwrLkurrnSw2csBzdR\/JF4mtw7LvO3kLnwPl7LqvumX0Bwcid16xr8Z+AcPQbmGYeba8JIbpw2bNTFfu9e08U68fy9HlgDyA0+4b92Owu6MnUAuTmExAjoCwO6oyaWCYeqpUYJO9mOFuFaUPhMgMANDcCvKx8H5QVKyIKqF4g1VN\/pBxMRaBewmCRuZtnJ2C+HgHwdCjOgvBYT4db0tD+ZS6FfVWKWlU5yuzxRd\/a2Dug51dVHV3kavK25ghMTAvaUdyJcgyEz4Tt+kT9PfFYG9lurdE7rkL9NlKVB+oIrtBG+uCfGHkwtkiOBxwBIXDSFFgkE6OFM8NJ9Zt3rM9Xy5GV\/iijNqoEAfugYdI+4GA0\/YTAHJd8xu1K0bDslLqX+cNJtgDYpYV8cURyBvseUPDbD90eoBBKId460cfbnVEUpK9uZ4Vo\/1QzCjeh2O8EPLwr5WKdlAnUjIKYCOeNe5oiXa2D96MeSMELv39uVOVmFzpmf+OuKukdg7LrCUyJBMKfFqmwPTm9kYcC\/hkJ+jhTVxOTrX4VC1Cofhfxmb\/B+w9uv7FeZNW2njCKzU8+BqWgzWCiC7gf5A5OBCyYaEe1PL2BwNPbiVXHJw7RXliG5OxhjRQxS64ph7LfgM6Kwl1rQ0ZzETn6mwXhXVz+vvWCPg6lImeHU9F157ZjGiMwPiBLBW\/\/YvrfdSZgL5Ew+icTbQa9+tbmLDvE55IHLbcT9TU1Pilcrvq+7IWXFYCDAEuPQKNEw4rHQOmgjp8QxB7ntmSKRb7gAmbqwyqnbHhPmpv8cPWM8iNgw3P3e36xFfAPzgEZaF+9fkpgwBqOoAun35J+UMxvciK+0X\/k8J793WX0juYAQuDCBH8789TAJr3vS+teG\/fgHawV8JpHwPUVuxvJ+ev3gFCROC1gZC6U0NpOn+u5fAqj+9vb0+uHyWm4eYf34C7x\/\/UUOXZUWItlDg+siUl5okJRgW3mmbdx+FfNo8VMgltaBBOLzbJal5FtUDevMG4bpvL9oAc53tHQosplXshy5toyYq4UKtqmukw0uJWM0LlsDsXhPtGuwKNzrPqhKP7whTUc\/JurHOQ+hx07cpmWk8urBXDJZHNNghhduBw8AYoGfnls+IqtXr5lc8kbEdwv5GUwOtHMX\/3u3N3crAnaxZxYwIWaTG6Qubydt9hB32rp2px2SMf9epoPLzpWGAAMLtK5325d1K2WFlrhu217B0+nVt0YqfyOLDH7TZbc4h0zgMCcdYzzbcmx2YU6WzG7UJ700tUVhzkG4USxPAS\/fjBErN8b1tWdxWldeu8GB\/8ejR5FrHl8lvzwqFDdiX8TvR6NLIC3Nz6i3PU9KFFJmDL6cI16zNRNzN5NMkA80qWY8C4ak5X\/8NXBnV\/7y82oKSXb+4F2e+GrV0tee2YIq","iv":"6e756b9550f255a6390d9843030b023a","s":"e04cd78069ee6ba3"}