The latest breakingviews Corona Capital: Luxury lifelines, Cinema horror show and Malaysia Airlines
A man wearing a protective face mask walks past a Louis Vuitton shop on the Croisette in Cannes where the Cannes Film Festival and the Cannes Lions take place, as a lockdown is imposed to slow the rate of the coronavirus disease , in France, March 18, 2020.UNDESERVING. Luxury mega-brands like LVMH and Kering, owned by two of France’s richest men, are bracing for a whopping Covid-19 hit.
FINAL CUT. A horror movie is unfolding for cinema chains. British operator Cineworld on Tuesday said it had closed all its theatres because of the coronavirus and suspended its dividend. AMC Entertainment, the world’s biggest, hopes to reopen U.S. stores for the summer but with blockbusters like the latest instalment of James Bond delayed, theatres are going to find it harder to drive sales.
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