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":"9510f5c4d66ce40446b1599b72eb4a2b","s":"bc86ff57e8793e49"}