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Sales at luxury goods group LVMH up 84%

The world's biggest luxury brand made sales of $17 billion in the three months to June.

The world's biggest luxury brand made sales of $17 billion in the three months to June. Its sale for the first half of the year were also 11% higher than pre-pandemic levels. Julie Zerbo is the founder and editor of The Fashion Law website and tells us how LVMH has survived the pandemic.
Also in the programme, Sweden and Germany are taking contrasting approaches to encouraging Covid-19 vaccinations. Whilst Sweden is trialling a system to pay young people to encourage them to get vaccinated, Germany is considering refusing access for the unvaccinated to restaurants, night clubs and sporting venues. We get reaction from a bar owner in Sweden and restaurant proprietor in Germany, and assess the contrasting approaches to incentivisation with Stephen Reicher, who is a professor of psychology at the University of St Andrews.
Authorities in China have banned providers of private tuition in Hong Kong from making a profit, causing their share prices to plummet. Hudson Lockett is a capital markets reporter for the Financial Times in Hong Kong, and explains the background to the move.
Plus, with some employers arguing that home working suits the least engaged workers, our regular workplace commentator Pilita Clark looks at the relationship between physical presence and employee competence.

(Picture: A Louis Vuitton shop. Picture credit: Getty Images.)

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27 minutes

Last on

Mon 26 Jul 2021 21:32GMT

Broadcast

  • Mon 26 Jul 2021 21:32GMT