About: http://data.cimple.eu/news-article/c47ffbdd2506573658ea6e4c9ff406f963e87096a2b6d44d9ca38fe7

Facets (new session)
Description
Metadata
Settings
- owl:sameAs
- Inference Rule:

About: http://data.cimple.eu/news-article/c47ffbdd2506573658ea6e4c9ff406f963e87096a2b6d44d9ca38fe7 Goto Sponge NotDistinct Permalink

An Entity of Type : schema:NewsArticle, within Data Space : data.cimple.eu associated with source document(s)

Attributes	Values
rdf:type	schema:NewsArticle
schema:articleBody	French luxury giant LVMH vaunted its ability to weather bad times on Thursday as it said revenue slid 15 percent in the first three months of this year as the coronavirus crisis erupted. The drop in revenue to 10.6 billion euros ($11.5 billion) included February and March, when much of the important Chinese market was in lockdown. "LVMH has proven its ability to be resilient in an economic environment disrupted by a serious health crisis that has led to the closure of stores and manufacturing sites in most countries in recent weeks, as well as the suspension of international travel," said the group. The group includes fashion brands such as Louis Vuitton, Fendi, Christian Dior, Givenchy and Kenzo. It also owns watchmakers Bulgari, Tag Heuer and Hublot as well as several champagne houses and Hennessy cognac. While the luxury sector largely bucked a slowdown in global growth last year due to the China-US trade war, the closure of non-essential shops by many governments to stem the spread of COVID-19 has disrupted their business badly. Without a calendar for when countries will relax their restrictions, the firm said it could not forecast the impact on its results. "In the current situation, the group will further strengthen its policy of controlling costs and being selective in its investments," LVMH said in its statement. It also announced it will propose to shareholders to cut the dividend payment for 2019, announced in January, by 30 percent. CEO Bernard Arnault and the other members of the executive board have given up their salary for the months of April and May, and all of their variable pay for 2020. kd/rl/bsp
schema:headline	'Resilient' luxury giant LVMH sees 15% drop in sales
schema:mentions	Dissociation constant Bulgari Hennessy Bernard Arnault Wind power by country Slid (Fluke song) Dividend Trade war 2020 Hubei lockdowns Louis Vuitton Chief executive officer France China Coronavirus disease 2019 Hublot TAG Heuer Givenchy Fendi Kenzo (brand) Cognac Christian Dior (fashion house) The Drop (film) LVMH
schema:author	http://data.cimple.eu/organization/1f0054d541e000623a2c1e561a247c073ef6328e8be9ffafda7b3fcd
schema:datePublished	2020-04-16 (xsd:date)
http://data.cimple...sPoliticalLeaning	other political leaning
http://data.cimple...logy#hasSentiment	negative sentiment
http://data.cimple...readability_score	76 (xsd:integer)

Faceted Search & Find service v1.16.115 as of Oct 09 2023

Alternative Linked Data Documents: ODE Content Formats:

RDF

ODATA

Microdata

About

OpenLink Virtuoso version 07.20.3238 as of Jul 16 2024, on Linux (x86_64-pc-linux-musl), Single-Server Edition (126 GB total memory, 5 GB memory in use)
Data on this page belongs to its respective rights holders.
Virtuoso Faceted Browser Copyright © 2009-2025 OpenLink Software