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LVMH to make hand sanitizers to fight coronavirus

The French luxury group LVMH said Sunday that it would begin producing sanitising hand gel at three of its perfume and cosmetics sites in France, for distribution to French hospitals fighting the country's coronavirus outbreak. “Given the risk of a...

Coronavirus crisis to severely affect India's retail sector

The coronavirus outbreak has caused panic among the common people and resulted in precautionary measures across several states in India including shutting of malls and theatres. These measures and concern among the public, although very necessary and timely, would have...

‘Coronavirus to wipe US$ 8.3bn off APAC duty-free market in 2020’

According to GlobalData’s pre-crisis forecast, the Asia-Pacific (APAC) duty-free sales are forecast to reach US$ 43.4bn in 2020, backed by high growth in countries such as China, India and South Korea. However, the recent coronavirus scare has dramatically altered...

APAC’s airport retail market to grow at a CAGR of 8.3 pc from 2019 to 2024, offers growth opportunities for retailers despite Coronavirus

The emergence of Asia-Pacific (APAC) as a global economic hub and popular tourist destination in the last decade along with a sharp rise in low cost air carriers has resulted in a swift growth of air travelers and investments...

IKEA to close half its stores in China over virus outbreak

Swedish furniture giant IKEA said Wednesday it had temporarily closed half of its 30 stores in mainland China until further notice amid concerns over the deadly new coronavirus. "In response to the Chinese government''s call for strict and effective disease...
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The Luxottica report card for 2022

A look at how the world’s largest eyewear company fared in terms of revenue growth in key regions across...
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