Luxury brands cutting orders from Italian suppliers as coronavirus spreads: sources [Toronto Globe and Mail (Ontario, Canada)]
LVMH-MOET H/L/V UNSP/ADR (LVMUY)
NASDAQ:AMEX Investor Relations:
lvmh.com/investors
Company Research
Source: Toronto Globe and Mail
Luxury brands cutting orders from Italian suppliers as coronavirus spreads: sources Staff members work at a Gucci store in Beijing on Feb. 20, 2020. Tingshu Wang/Reuters Staff members work at a Gucci store in Beijing on Feb. 20, 2020. Global luxury brands including Gucci and Louis Vuitton are scaling back orders with Italian suppliers, as the spread of the coronavirus from key market China to major manufacturing hub Italy hits business across the sector, industry sources said. Italy, home to scores of specialist manufacturers of high-end goods from shoes and leather goods to menswear, has seen the biggest epidemic of the virus outside China, prompting Rome to impose a virtual lockdown over much of its wealthy north. Reuters spoke to a dozen textile and leather goods suppliers in the region of Veneto, which is affected by the quarantine, and nearby Tuscany. Many said that even before the unprecedented restrictions were put in place on Sunday, brands had been cutting orders from late
Show less
Read more
Impact Snapshot
Event Time:
LVMUY
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
|
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
|---|---|---|
|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
| Last Price | ||
| VWAP | ||
|
High:
|
Max Up |
High:
|
|
Low:
|
Max Down |
Low:
|
|
%
|
Post news range |
%
|
|
|
Price change |
|
|
|
Price Change Percentage |
|
|
|
S&P 500 (SPX) |
|
|
%
|
Volume ratio |
%
|
| Volume | ||
| Ticks | ||
|
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
LVMUY alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
LVMUY alerts
High impacting LVMH-MOET H/L/V UNSP/ADR news events
Weekly update
A roundup of the hottest topics
LVMUY
News
- Luxury Brands Are Trying to Lure the Middle Class With Lower-Priced Goods [Yahoo! Finance]Yahoo! Finance
- Anaheim, California: The Untold Luxury Travel Destination For The 1 Percent [Forbes]Forbes
- LVMH: 2025's Macroeconomics Will Likely Provide an Inflection Point [Yahoo! Finance]Yahoo! Finance
- Luxury labels bulk up on lower-priced goods to appeal to middle-class shoppers [Yahoo! Finance]Yahoo! Finance
- Luxury labels bulk up on lower-priced goods to appeal to middle-class shoppers [Yahoo! Finance Canada]Yahoo! Finance Canada