Louis Vuitton Owner LVMH Sees Record 2019—But Only ‘Cautiously Confident’ About 2020

Luxury titan LVMH reported record sales in 2019 fueled by strong demand for its fashion and leather goods, but is only “cautiously confident” about the year ahead amid political unrest in Hong Kong that has dented luxury sales in the region. But, the company is monitoring the outbreak of the pneumonia-like coronavirus in China, but it is too early to tell its impact on the business, Arnault said. He added that the virus, which has infected more than 4,500 people, does not look as “aggressive” as the 2002 SARS outbreak. Read more at Forbes.