Coronavirus will cost the luxury industry an estimated $40 billion
Even small changes in China have global effects. Luxury companies including Burberry, Ralph Lauren, Coach, and Capri Holdings—which owns Michael Kors, Versace, and Jimmy Choo—have already warned of lost sales amounting to tens or hundreds of millions of dollars due to the spread of coronavirus. Now a survey of top luxury executives …
News story posted on 2020-02-24T21:34:00.0000000Z
