Fashion

Good resilience? LVMH revenue plunges 27 percent in first half

Good resilience? LVMH revenue plunges 27 percent in first half

LVMH has published its results for the second quarter and first half of fiscal 2020. The luxury goods behemoth saw revenue plummet 38 percent over the second quarter compared to the same period in 2019, contributing to a 27 percent drop in revenue year-on-year over the first six months of the year. Profit also took a nose dive falling 68 percent yoy to €1,671 million.

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