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Pent-Up Luxury Demand Keeps LVMH On Top Of The Worldâs Largest Apparel Companies
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People queue outside Louis Vuitton boutique store in Mayfair area of London, as non-essential shops are allowed to reopen after England s second lockdown ended, Wednesday, Dec. 2, 2020. Pfizer and BioNTech say they ve gained permission Wednesday for emergency use of their COVID-19 vaccine in Britain, the world s first coronavirus shot and a major step toward eventually ending the global pandemic.(AP Photo/Alberto Pezzali)
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One year after the pandemic brought a halt to in-person shopping, crowds are lining up outside of Louis Vuitton stores to buy $4,000 handbags in the U.S. and abroad. If the restored hype is any indication, makers of luxury apparel are set to enjoy a lucrative year of post-Covid pent-up demand.