Sephora, Duty Free Cost-Cutting Narrows LVMH First Half Loss
This article was originally published in The Rose Sheet
Executive Summary
The closing of Sephora stores in Japan and Germany, a recovery in the retailer's U.S. sales and cost-cutting efforts in the LVMH duty-free operations helped the luxury products marketer's Selective Retailing division reduce its operating loss in the first half, LVMH said
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