The riots that have rocked France could have “a material impact” on third-quarter sales for Europe’s big luxury groups, and the entire tourism sector.
within the first week of the riots, sparked by the police killing of a 17-year-old motorist, identified as Nahel M.
France accounted for 7 percent of first-quarter sales at luxury giant LVMH Moët Hennessy Louis Vuitton, up from 6 percent in the year-ago quarter, and 8 percent of first-quarter sales at Hermès International. As reported, Chloé canceled a planned event on June 30 to celebrate Karl Lagerfeld’s creations for the house, while Courrèges postponed its annual club night, originally scheduled for July 1.
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Marjorie Taylor Greene warns Americans about French riotsThe GOP congresswoman said the unrest was the result of immigration policy, warning of similar protests at home if there isn't more action on the border.
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