LVMH Revenue Drops 27 Percent in First Half of 2020

Few industries have been able to resist the ill effects of the coronavirus pandemic, especially the fashion industry. Following early signs of foreboding and negative Q1 and Q2 reports, luxury powerhouse LVMH has confirmed downtrodden financials from the first half of 2020.Riding high on its hugely successful 2019, LVMH was poised for an even bigger 2020, prior to the pandemic. However, with the prolonged acquisition of the beleaguered Tiffany & Co. and sweeping declines across every market, LVM...