The Italian label, whose stock market listing is being delayed by the pandemic, has published its consolidated results for the first time, with a 2019 revenue of €120 million and a net income of €14.7 million.
CEO Pascale Lepoivre and Creative Director Jonathan Anderson have announced in a press release that Loewe is collaborating with Spanish children charity Plataforma de Infancia, and will donate face protection masks.
LVMH is converting five of its Louis Vuitton workshops to make masks for frontline health workers, the luxury brand said Wednesday, in addition to the masks already being fabricated at the group's Dior workshops.
As the Covid-19 pandemic continues to impact business, consumer spending and events within the fashion industry, LVMH has moved its annual shareholders' meeting, originally scheduled for April 16, to the end of June.
The French cosmetics giant has announced “a solidarity plan to support all those involved in the fight against coronavirus,” designed to help health carers, food industry professionals and vulnerable individuals.