LVMH and Kering just released their half-year results, and their revenues and profits fell dramatically. But what does this mean for the rest of the luxury industry? Image credit: Shutterstock LVMH, Kering and the new luxury strategy post-COVID-19
Posted Bya Luxury Daily columnistOn In Apparel and accessories,Featured,Industry sectors,Marketing,Retail | No Comments
LVMH and Kering just released their half-year results, and their revenues and profits fell dramatically. But what does this mean for the rest of the luxury industry? Image credit: Shutterstock 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","iv":"3c401e9fa0aa8a02acf07b7566e44b7a","s":"803021e5a4fef1c6"}