Coronavirus fears affect luxury retail during major fashion weeks

// Coronavirus outbreak continues to impact luxury sector
// LVMH, Kering & Richemont are not as reliant on China for manufacturing but still predicted to face pressure
// China has driven 80% of the growth at luxury groups such as LVMH and KeringThe luxury industry has faced its biggest threat since the 2008 financial crisis thanks to the coronavirus outbreak in China.
As many as 1000 Chinese fashion buyers from Europe’s top fashion shows have reportedly held off from participating in