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LVMH, L'Oreal recovery in China fuels optimism for outlook

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French consumer giants LVMH and L'Oreal 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.

[PARIS] French consumer giants LVMH and L'Oreal 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.

Shares of both companies rose Friday after they gave signs of green shoots in that market, the...

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