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LVMUY

LVMH

$0.00 /

+ (+0.00%)

11:51
10/15/20
10/15
11:51
10/15/20
11:51

LVMH says will continue to exercise 'caution,' strengthen cost controls

The company said in its earnings release, "In a very turbulent context, marked by continuing economic and health uncertainties, LVMH will continue to exercise caution, strengthen its cost controls and selectivity in its investments. The Group will maintain a strategy focused on preserving the value of its brands, by continuing its marketing and communication investments and relying on the exceptional quality of its products and the reactivity of its organisation. LVMH will rely on the power of its brands and the talent of its teams to further extend its global leadership in the luxury market in 2020."

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