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For luxury, hope springs eternal
For Luxury, Hope Springs Eternal
By Pierre Mallevays May 6, 2020 05:20 LONDON, United Kingdom – For the most part, first-quarter results were better than feared, with sales declines ranging from the high single digits (Hermès) to the mid-to-high teens ( LVMH, Kering, Moncler), with a couple of outliers on each side ( Brunello Cucinelli at minus 3 percent and at minus 22 percent).