Louis Vuitton owner LVMH blames sales decline on Covid-19 chaos

// LVMH posts 17% drop in first quarter sales due to the coronavirus pandemic
// The group had to shut stores in major parts of the world as part of a lockdownLouis Vuitton owner LVMH has recorded a 17 per cent drop in comparable sales in the first quarter due to the coronavirus pandemic, as government-mandated lockdowns resulted in store closures.
LVMH, which also owns the likes of Dior, Fendi and Givenchy, had to temporarily shut stores in major cities due to the ongoing pandemic.
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