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LVMH and Google Cloud Create Strategic Partnership for AI and Cloud-Based Innovation
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Beauty Flavor Companies Commit to Action Agenda for Nature and People
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Leading companies respond to biodiversity loss
By IANS |
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Leading companies respond to biodiversity loss. Image Source: IANS News
Amsterdam, June 9 : More than 50 companies have stepped forward to show their shared commitment as part of the Sharm El Sheikh to Kunming Action Agenda for Nature and People in support of the global biodiversity framework expected to be adopted in October at Kunming in China during the 15th Conference of the Parties to the Convention on Biological Diversity (CBD COP-15).
The shared commitment is centred on sourcing ingredients from biodiversity in a way that respects people and nature.
Each company is committing to assess their ingredient sourcing practices, set clear targets to promote positive impact for people and biodiversity, monitor and communicate on their progress, and continuously improve these actions over time.
th, 2021
LVMH Moët Hennessy Louis Vuitton, the world’s leading luxury products group, recorded revenue of 44.7 billion euros in 2020, down 17%. Organic revenue declined 16% compared to 2019. LVMH showed good resilience in 2020 in an economic environment severely disrupted by the serious health crisis that led to the suspension of international travel and the closure of the Group s stores and manufacturing sites in most countries over a period of several months.
With an organic revenue decline of only 3% in the fourth quarter, the Group saw a significant improvement in trends in all its activities compared to the first nine months of 2020. Fashion & Leather Goods in particular, enjoyed a remarkable performance, with double-digit growth in both the third and fourth quarters. While Europe is still affected by the crisis, the United States saw a good recovery and Asia grew strongly.
LVMH showed good resilience against the pandemic crisis in 2020
Paris, January 26
th, 2021
LVMH Moët Hennessy Louis Vuitton, the world’s leading luxury products group, recorded revenue of 44.7 billion euros in 2020, down 17%. Organic revenue declined 16% compared to 2019. LVMH showed good resilience in 2020 in an economic environment severely disrupted by the serious health crisis that led to the suspension of international travel and the closure of the Group s stores and manufacturing sites in most countries over a period of several months.
With an organic revenue decline of only 3% in the fourth quarter, the Group saw a significant improvement in trends in all its activities compared to the first nine months of 2020. Fashion & Leather Goods in particular, enjoyed a remarkable performance, with double-digit growth in both the third and fourth quarters. While Europe is still affected by the crisis, the United States saw a good recovery and Asia grew strongly.
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