Coronavirus: LVMH & Kering take u-turn on gov’t assistance plan

// LVMH & Kering told staff they’d be placed on an emergency government assistance scheme but has since backtracked
// The decision was reversed after smaller rivals said they would cope without gov’t supportLVMH and Kering have reportedly backtracked on telling employees they would be placed on an emergency government assistance scheme amid the Covid-19 crisis, after witnessing smaller rivals Hermes and Chanel pledge to cope without state support.
Soon after France went in lockd