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"Pandemic Fallout: COVID-19's Devastating Impact on the Fashion Industry and Record Profit Declines"

jessekeyes
The COVID-19 epidemic caused a great deal of disruption in the fashion sector, resulting in the bankruptcy of well-known firms such as Brooks Brothers and Neiman Marcus. In the first quarter of 2020, LVMH Moët Hennessy Louis Vuitton's revenue fell by 84%. Fashion companies had a sharp 90% drop in profits, according to the McKinsey Institute. This is a sharp contrast to the 4% increase... https://www.msnbc.com/know-your-value/how-covid-19-helped-karolina-zmarlak-reclaim-soul-her-fashion-n1253005
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