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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7hFFCQBeJP8KAy2tO\/Ju2TV9IEm4R63jR4xD+SRT794WLoXl1hfNwAWdWzEnfKbkb\/7PrdaDSb8+SLzJlCNRnNTTMmXz6fVuXF74Ym6r5Z4BQy3TSecQttdlU6SM7P95eO8mQtAhGLJoYJK3yALEiIvJMZ9Mkmgh9vVPmEgm5hxjU5BfzjaSj1Jx7qSPBc0lhHLGG4dH6hwBA3ClQVrdABTLUv2Hd962XTGn3QmYQN2K1ccjvzhh2jBlSC1+S8wt+x3Ny0HhWVNXnjwlFzudC2LOJLDmS7YmLuw04zTVan8KUF0r725Op44IVp04rE3SAYGZpUpQvbC3d0cq4bDXvUNZQWVegtSeDlr9XUR37hGTDHpPzpylHnfIWpacA\/1xYinq1x+09HaNqS6o\/lPQRKSTsmuXxkHZzxxumslEeMrCzVNfvfwi8hP8kzmPYYmxmdp1kYW8mMAsqjdI82yavrzkUtty2MTe55B8dsTDLnN1F5L4c44dzBhTipNYE1\/J4jDZZ8tNio8zifdjs6E3fCmnRN82+g0SWsVsX\/NcRPciPVPQ+G7Anm\/9PsneSDv3zmo5oG96u9tQxNPS7Y5Mg6RlDR80eqkQGMf3EEBm+8NsPZ5O2eSRcokRySn0rpR0+icAMmUVJss\/8Te8W6ecZnXCQX91hM6Uh\/bkGCeiHQzI3Ko43h\/33IrPEVfzSKyyVe7\/dc\/VKZGMYkSkSqtCaaH5Sn3Y\/9IuuFbP3cFcKIcLKmtVlbxa1Vs2NGgl+LUxAj6dBIPZWAQYrBcvR93H7BCACgW2IKzDFLtg5XLPtP2P39unP87RREPEc7JhVK4tGl6+1JuLrQ8OG+0eAGb0bQFJj1caFkiBX3y5WpmQFU\/diUt7yLnhIf\/PuCbftDW+6354c1SfmsxdM+\/VP96G7ayeVjTjQ8RMB6VTwp5WR7owxo7yGz3HiAnH54AD2I9ZPEOiR8puhUTyvGi3BIQVk+lj\/pT8j4BqEvDe4jojnFvj1XKUYxEbOsweNbxBX5f3MvK3OTsQXGP0Ow1cbszS9\/ZqcCD8vYFgE8JJwHpQ5e2fRHM+pGTLnj3Ek6re+whuSuFjlSa9QHLaGGCmE4Gl8iQ1DwZzLEpIvFrYXoD6SLUOB68l9Qj9X4fU18ZG85te7CF6C\/ZNt1+D5aDUx\/AQIm6agS3MrLBD8iPwB2qWxpgh1\/ghEUq6j4M9\/aNsB0zSdhmwtcaVAJP5cQeaXY8sgS9cf1TUwNYitShcOt7J7TNuBSqokmmc1rICRNleJVr\/eZ18Melp3UDv\/PZE0rTkcea2qXUvUtcJijApWmE7DUKPJozB8hndVKwRD0RpE2y9nD2yqwSzPwfxZO\/FoHMVsxeN+N4qCek9l5QoYkzzM26POSFdKfZaU0WdOZwOTTHWDY3RIbEnpMHYXh5T9a\/C\/BU0mwRymAXIHl5gCmKnP0jkxhHtzSuFhuwqKzn++iXX0eVhXYwmOs9y6SDrpxpCW3SRwu67G+FyMr4NtoHsQ3t0l1twKLAF\/\/f4Ky2VOnncEHIOwWSHb4IM8+v1UD+OSo6MBt3eOWHgaKrEvaH8e6VT3cC3qxTZ1IITkzLCZaIWx9Ix6QHJ1V4hy56y+zVcFvgJyEi4SrbF5PDI+i\/Rcy+fxssWrXFiX8wK4ylNy7ILqXFuq1lrfkqOY4mya2d7wOaN\/rAbKARMf5cMybSfeXYhYNsKR60WXv8i0QJb6\/q1GruZ+No60I82hmxOJSIADlQBx3c90RJ0XT53dO1jYmqCFxb0e7GUlW3YxDF2c\/N2tY23481Szk+4QlW3pieI86KR2J+FuIXkVSoZMAWqxmAAxGlBSIgFDV9NvSqhGN+XVrgX2U2a\/KsAIWlF5\/qp\/VH3LwPwjjvrgQaNouhjEzWg84csiSv84KAb78a9AHsUdIb74X5zp4oOzq\/GMmFj8pbRjh3Z90LFjyR98veKSIiykkxv1ZL5xJbuxrLbTiLEugjbI72jM4JOf6pfPXOBWErvy8DVgQoK8J\/i0ec3nu7PIqBV\/FzufsvNoeFst1WlQitjB6d2Da8Pyh2da4s6X8p46gdbD9lf6m2Z3zStOBYCDkAKkZty26ZEg16u+m8DZ6M3W2qa6YI3YzPtO3vqe8JFBgjlU8bUEu2\/wT8bdbR+b3k1xjH5X14TuCKZonui\/0T0cUu5ygcpZDqGvpMCCGiRPV8kq6qFFu4sMd1fthr0jYSRV7z\/P1WQpHZqAe\/OrBSogiocuVc0ZFOAF7WxGJy1hDAoQLNLPAtM\/J5J0qkJiRIeB9wyGur4iPYHe+60+o97Nn5riPM80I2oKUQ0RiCzF7GuNojP8\/kQmn\/XzIramzMmQLlLtoRhQoQwU0A83RbNSPvL09wLLrS4ixCxanZFbln8Mtr5gUBxwGAkD2ouZjgL0J1BJvw5\/ObTfp7Wi\/85aMtZV+U2h8zlKiDJ9JB4yZkwrrKSfCPhFJhUZJ2JYo6E1fPBSAkEerQHUnr8eOXCFD98tycgIOb5F+2HkBmYNGc5yVwMTeqF3\/uYw9oRLy5KLF1+g2JuW+mGMLtj91Xpo1PgHt28sdi5osPtL1Xy3Rk+lkmmnLMVmj6D7mQUf\/CrbYVl+Msx4+kNcUi9xieWv518KhXhftkt2X6EIZGoZA2x8Z7tZZXszF8JI6IdL1Et504Tigf6zuM+jo2B1ok0ktzACsvj+n5d654+4UseZzcOCbekf\/IGEYXtRs9Cd0k+r9FQGAVwXKxvUWMW5S2\/9rU1lfnbxOww\/hZTHjwkPZ7u+WJOVrkxY9O6WgJ5\/4ait2c1\/zlKULR9cDmdd8ykZLYF9JY0LyJYf1vQJszcW8R0hTa+t\/nPuW7Jlaqah8cYzMdKIsZeJGwahGYOVic9XaJ8FR55EEHQmufJI963Egc2SSQRRr1xZKrzOQEiUw6mkyMhq9Y2\/CHlbKP3hpNFErFkbx9SYdTN0Yd\/f92ws5pA+sGd1Hto4fkzJigA4oFJT3HrV\/xLlF3ch3FUot0VZiheoz+i07xad+0GtJdxYjVohfIw6ckpYh1mG9\/luGR5c3rlibI+hxUFmgZpBtvU8BYSCb40zcIG+r83FArZh1sG8QeWyCwtR1Und0vMZSwnpnjmddcsKvAiedaTBUQcS+gQdPwTQj\/J1MU3LD1TbTK9VY8\/sHf+wQgx06WWPo0unPvdCGxanH2Z8Ru+rCGIaUQv0Ybgxw6G4LvZJ+0LktVDWoQfT9bWsxmDhMYKFP3BI4dhWorBeqoYDGH7Ohc0KOWKQHaGCpI1e97ZGrS3KQbw+nMS+b48OM47c+Agg\/6JaqliffM\/+dzJfiLqZe3aw0UBV4vEeKYsJIE1Mq89sUzQHjkkFVon1S+PCYCEtLvZfXRHDI9\/vpcsfWzzeJ\/uTZ2c3dzhyg\/FnpC8Z3WBlSdLbOj5l4h4iiLVl8PPzPTRsAySEximFUZ+yF\/W4obe2Jompk6uvNXHMEnqKxk4CkLjBbKOdA6BhVUCjnBj8aYGQsKNWQDrYKz5pEfMhmV99LQ83qgYlRy+iCpvGrvoBYwvj9J51JBNuY7dYUWElYrOR6UkbE9cmOP+ObMXJkAgomg79J053O5nKOFuIMDpBma0AgPafBHBzT4dfU\/9B\/AM+0nDRLTi9MWk4lebaAs5rW\/\/IZ7bKceW6vuvtD34eTejiPOlwnItr5SqqAPegKZjc76u6PFynbIgj7jwjBiyB9r58RD+PDd1kvI2ZPoS9fJxJCuoE3JFOYE3GDm6hjepgzU7wda\/TDe2kR5Ts84F8\/bpmypAIGAhbTpTsd44Bs2\/iO3WM+q0j2GDa9GAPjXaPUu\/0hBLxDItbMslyUadbz7\/sm+LhZvBIHccHZdCWLu+gcIwtT7+YX7uv\/DaiFnQN\/Y5t+gOjV4s27i8P4HHsVlwsHea3KS2xcUyZU6Ux851Om9+iOAFufglX31gEqleIG0U1VgJtdcwOWbFYLiqMsLWRlW63bNAdQRJ2BeiwgGuMSK19gvBeyPPTW\/mV7zsqGAt0lNLCqp7oKdPlNRQ3T\/mK19ZCjXAm5RvX2jEiVGi7jDPNfwfolTUsF2JObMJxzN8wSRrUryk4YZN\/bNripdn6jhSPYQ7C2kNdHOZcWckGbgh2xiCYDlqAJ0j2\/4Fal31BoyRhmw6\/wE4IjTdwAWJND9EmAbFYa5m\/NAC0WSasAwrf57ezUvMdGg4eAh+oUv2Gt58m+zvGQtWLI7mXqrH5CMI47suVcNSCD2WoKVZJs1z69xI23uSiA6Ln2wGhOaIs898VUySJLriomVKkvgszpkI+FfM6LD1FjK\/bbOuLDqTiDMYVTC170ZV2YVha+upAZmW2jv9NV7G7rK17fMX0QBRs4Ir57susl7kd7iozLCBvbatcUsxsxDI89KE8vKryL+6diD\/x+n2N419x\/I9OOuBdRciDrqY93iS\/2fHu3AtXq77ZKca733tEEn9x6iBLicQxNEHThV2exxjhWcU1dyT7hesn+3CjlvoACAH\/jDR6D2piVD3dfOpzEAoR0GacmnOKGN\/j6c2O7Wu0MYVs2PVi0SRkXPSWy7WAfq0jKhKl18DvQnFYMzDnEcFMWDVwzPFFXl73I0HmdKJubVxo7EiwWI9olvlKcOVyO3McYYdHorI3zvK6FjxtsXUsLVzjRMO856Ef4hlQrRrcFP4P9rIfjFs0iyVDEoh4zebPPbsSN8P4rW6Z\/6S4Bmb++pS7xVZRn++yLSEYMIdq7pR4ho2l3HVWDNlRQEJhoDmtA9C8M7YZh+FtZzLmpI4xsAJIDNqtlRuqDUNztAcJJvmfe6Sn404ZgXAX\/q7vPQFi8KVss90CNYRZEvQgHGz1ylLb+klOSvoyeCU6Cd6D5+ta0qMHcZfEnU0JR0Q7pLluxFuZqSU0A7tnJcsBXaD\/jkmZEJoWEuf1Mqv7Kx2Yh69V3Ho2OrxTabMEr4foMaDVK8yY0CYAfLLm+iVcys7QnXnQJWA7CjkzAKXMOfWBdPxMlzcbmKJNZgdsew0EkJCvCkk8TTREWSQhA9UwOu+l41hER1iP+O\/z\/Ck1FpcgOTnogZZIxX6do99F\/Gv3zvIzsCfbn0lNeFHqbgxkfb36ZsFjSnuipGNky8ZpghjuI19bP4Nfy19ufbLA1x8X+XbQtdjfWAHBQaLPBE0zCT0KldhcZdDkm2mpheuJrsP3UEDQkAD36Pdh2ZkQfmfpgoCMBhmUS8vdUHdUwKHVbFbUu45sZkW6oTy9q\/rgzAxs2qhtV3YCLYx0lX0TGHkENdSs0NCgJ3Zz7ST6QB1OaPF14od5BujQ\/fKqlz5rz7zlvr7HLFT+bsm6gqm8gs0eFQ2jV6bPbYcCf83kLYfAMnOJq520Ecw1SvhV83gVPaq\/ggQIXdYfKePdtWuOF1CqUwCYYKp9drXgOVLHs5ipDWJfDgZhllX1qUn7UBfop0qfqTjx\/EeB2TI4JDnP23HJGS23rLD9e2vx1v2KvbaF0ns0u8SDbKH8Hiw\/YtwQUEOv1Sse6mFMaAhvqqQa06nHZcCbKh7KINY\/W\/TdAso4xkbuqj6WbD6BLKhCEZQ9nVpm85aY6bucG2tNWmeLjPpIcmFySvheKRjcHRe+\/mQdr5eVccsqkKTGlHkwlYbKsWdZ+JyhURpswRFPXxg1b5JZJYcf\/LDFdpsK3HOy0rSwzI5ExEMk+FYx5jZraYWIIzwrJN62NHdGUko6vnfOTlbcSXfkMrQtPnQXQUyHco0qvwL2hNWkFTtwg7EFB5HOi\/\/qII2LiXp\/osjg3ER8045fPv4GUCmOn9I2WE1GOfzkrh4wZiz0nv11nmvkKYSdeD4cvEIbggdlO9kywz6fb7hQIosb4uIY\/7OqwZSLD48sRPoP8x4ZnJleOnPLHW7cTZOyJVfaQqrEjrb2UmHEOGqj9InoDaxRAeXsw7iQ\/1cShZt7+6vIUoBgOlCKrbRxc2uO0V0Pksv3bFUHEGbqZmg5DpycyUdqo\/4B3dVx726uW7JcGrpAgXBCYCex8VheMa3+RaVT9EHRjaYDHRkSo+\/YHKVV\/X92hsGnMpS41hCTnDDnF1LyIA9us2JVQaV6IyjH8BSZYdHs7\/7dMs3HSPd8N0vguxHmZsm6Ly8g31PS3xeRar8JTtc8c7LFmJ3ugw96Q6QCEHyc6yMFikAOZJLPPf3FCO+CtDThdMXk1Z1FhEIhose\/auATkaeh7Npx1Tn+nPbwQzguKLl9+1xlO74PlUf\/cJDAboCmF6o6RLU5UfXTMD+6D6sxgG2h0KwnOrHM6wZ7WIFf12EcnQjujgYK6jlg2YmJy3zi576OkENibug76+B4F7Nn7qcsz\/5+Upx1UmpHV5oSm\/a+iDyx4vtOXsqVrIjPgje9UBETNKI0n0acANSNihZ1w8YQprFzHvDun2D+oT1inIkxvMjR1nSGVPumNl6lSsJR36u5ciyj+Elj5EmMdmHXt10mBOXFBIWk5i9WYcnoU3ookd9r0Egal5KpcR90kiXmE6t3BvXi4szGr0++1kHX9\/JchB5qn87iziWwLuEQFi4IxX5a9nAr\/RAeGVq4\/AP3SwvVXaNcNehQA\/E\/Xy1IXujsJdI9r5j2pw921c3zNV\/Re3mKTx8BOE6uYvBUT9Rtzfitg5jnE=","iv":"857caa14a8f31508eb560c7db05c3487","s":"5b14e41d307b55f0"}