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Which brand did COVID-19 affect most? Luxury houses’ results show turnaround in the 2nd half of 2020

Which brand did COVID-19 affect most? Luxury houses’ results show turnaround in the 2nd half of 2020

A woman shops in a Louis Vuitton store in downtown Shanghai. Carlos Barria, Reuters/File This has been a truly challenging year for all sorts of businesses – that hardly needs restating – and luxury brands are no exception. A pandemic is going to be tough for luxury goods when the global political and economic climate is unclear and there’s less disposable income...

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Carlos Barria Japan LVMH Louis Vuitton Richemont Shanghai