Coronavirus fears impact luxury retail as FTSE 100 loses £44bn

// Coronavirus fears affect luxury retail sales
// FTSE 100 saw £44 billion wiped off of its value
// Luxury retail groups such as Louis Vuitton Moet Hennessy (LVMH) & Kering saw their shares dropThe value of the FTSE 100 has dropped by £44 billion and luxury retail groups have seen their shares drop as coronavirus fears continued to impact trading.
The new strain of virus in China triggered a market sell-off, with the luxury retail sector among those affected.
Luxury groups such