but you still get negative results

Bernard Arnault (Photo on the web)

LATEST NEWS MILAN NEWS – The family Arnault she still remains the possible buyer of Milan after the Elliott management (therefore at least in 2-3 years, as repeatedly reiterated by the current Rossoneri management). Here is the latest economic-financial report of the giant LVMH reported by the colleagues of calcioefinanza.it:

“Although it was heavily impacted by the health crisis and is still affected in many countries by the suspension of international travel – explains MF-Milano Finanza -, the French giant led by Bernard Arnault has closed the nine months of 2020 with a turnover down by 21% to 30.3 billion euros (38 billion in 2019), registering a slow recovery in the third quarter (-7%) compared to the first half of the year “.

The success of the collections was the driving force Louis Vuitton e Dior, the increase in the champagne business – write the football and finance colleagues -. Perfumes & cosmetics division recorded a 25% decline a 3.67 billion, while the revenues of the Watches & jewelry segment amounted to 2.26 billion euros (-30%).

This is the official note from the management of the colossus LVMH: “In a very turbulent context, characterized by continuous economic and health uncertainties, LVMH will continue to exercise caution, to strengthen cost control and the selectivity of its investments. The group will maintain a strategy focused on preserving the value of its brands, continuing the marketing and communication investments “.

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