LVMH is seeing “fairly robust” signs of recovery in some of its activities in June after widespread shutdowns of its stores and factories in the first half of the year, chairman and chief executive officer Bernard Arnault said on Tuesday.

Speaking at the company’s annual general meeting, which was held online due to ongoing sanitary restrictions in France designed to limit the spread of COVID-19, Arnault said it was impossible to forecast the impact of the pandemic on the group’s annual sales and results since some regions were still in lockdown.

“We do not yet fully know the timetable for the return to normal in the different areas where the group is established and we do not know in particular when the virus will disappear, hopefully completely,” The lord said. Continue reading →