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LVMH, L’Oreal Recovery in China Fuels Optimism for Outlook

  • Louis Vuitton mainland stores’ business said to be up 50%
  • Sales in China have already turned positive, L’Oreal says
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L’Oreal, LVMH Signal Recovery From Virus Slump
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French consumer giants LVMH and L’Oreal SA said a recovery could start soon after the coronavirus caused sales to plunge in the first quarter, as revenue in China is already bouncing back.