We’ve all heard stories about the Coronavirus pandemic, many of us may have even experienced this horrible virus, but you may not realize that luxury retail brands around the world are doing their part to help in the fight against it. LVMH has started producing hand sanitizer, Chanel’s factories are making face masks, … Read more
The luxury industry faces a challenge like never before. The luxury market will face a difficult year ahead: Bain & Company expects that for the full year 2020, the market could contract between 20-35 percent, depending on the speed of the recovery. After falling by an estimated 25 percent in the first quarter … Read more
Report warns 80% of firms face a highly uncertain future if stores close for two months
Industries with the biggest online traffic growth/decline due to Covid-19. New data from Contentsquare reveals the digital consumer trends driven by COVID-19. Online Jewelry, Fashion and Travel Industries Hit Hardest by Coronavirus. In the wake of the coronavirus, new research from experience analytics platform provider Contentsquare has revealed the impact of the virus on … Read more
LVMH to supply several million surgical masks in France to help the fight against the spread of coronavirus. By virtue of its global distribution network, LVMH Moët Hennessy – Louis Vuitton SE also known as LVMH, the French multinational corporation and conglomerate specializing in luxury goods, has managed to secure an order … Read more
In a proactive response to the unpredictable circumstances evolving from the global spread of COVID-19 (coronavirus) and in an abundance of caution, a series of luxury brands announced that they will voluntarily pause global operations. Rolex is shutting down three factories in Switzerland, while MGM Resorts shuts down all operations in … Read more