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Investigation opened in Italy against Sephora and LVMH for sales to teenagers

Milan, Italy - The Italian competition authority announced on Friday it has opened an investigation into French luxury giant LVMH Moët Hennessy Louis Vuitton (LVMH). The probe targets its brands Sephora and Benefit for promoting “the early use of adult cosmetics by children and teenagers”, including anti-ageing creams. The authority, the Autorit...

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Business

LVMH Q1 revenues drop amid coronavirus crisis

LVMH Moët Hennessy Louis Vuitton recorded revenue of 10.6 billion euros (11.5 billion dollars) for the first quarter of 2020, down 15 percent compared to the same period in 2019 and down 17 percent on an organic basis. The company said, the Fashion & Leather Goods business group recorded a decline in organic revenue of 10 percent or 9 percent...

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