Surging Vuitton sales boost LVMH despite pandemic woes

PARIS (Reuters) – Recovering sales of Louis Vuitton handbags helped LVMH LVMH.PA contain the fallout from the coronavirus crisis in the third quarter, as the world’s biggest luxury goods group reported a smaller-than-expected drop in revenues.

FILE PHOTO: A Louis Vuitton logo is seen outside a store on the Champs-Elysees in Paris, France, September 18, 2020. REUTERS/Charles Platiau/File Photo

LVMH has like peers been hurt by the pandemic, and the French conglomerate has also hit the headlines as it seeks to walk away from its planned acquisition of U.S. jeweller Tiffany TIF.N in the midst of the crisis.

But LVMH has proved more resilient than some of its smaller peers, despite travel restrictions and store closures that have affected the whole industry, and its shares are only down 3% since the beginning of the year.

On Thursday, LVMH said its overall comparable sales fell

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The Best Fourth of July Fashion and Beauty Sales to Shop Right Now

Think Fourth of July sales are all about patio furniture and BBQ gear? Think again. This year, a ton of our favorite fashion and beauty sites are having amazing sales that totally overshadow the home deals we’re used to seeing. And the best part is, many of them are already live so we don’t have to wait until this weekend. Here, the 17 best Fourth of July fashion and beauty sales to shop right now.

RELATED: The Best Fourth of July Sales to Shop Right Now

The Best Fourth of July Fashion and Beauty Sales

Fashion

1. Carbon38

In need of some new activewear, swimsuits or loungewear? Use code ‘SPF30’ now through Friday to take an additional 30 percent off almost 500 sale styles as part of the retailer’s Sale into Summer Event. We have a feeling this is only the beginning of Carbon38’s Fourth of July weekend deals…

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