Luxury giant LVMH announced a bonus payment for staff to help them cope with inflationary pressures, joining a growing list of blue-chip French companies which have announced similar bonuses for workers.
LVMH said 27,000 of its staff in France would be able to qualify for this bonus, which would range from €1,000-1,500 ($973.50-$1,460).
Earlier this month, Air France and Stellantis also announced similar bonuses for workers, as inflation rises across Europe. Russia’s invasion of Ukraine has disrupted world energy markets, and this in turn has contributed to rising inflation.
Louis Vuitton
More from NEWS
RALPH LAUREN launches festive pop-up in London at Sloane Square (Chelsea)
Dubbed The Ralph Lauren Holiday Experience, the Chelsea destination is set to come alive over a six-week period with its …
ROLEX opens first boutique in Montreal (Canada)
ROLEX in partnership with Raffi Jewellers, has opened the first Rolex boutique in Montreal. Located at Royalmount, a newly opened …
Thai retail giant Central Pattana announces new mall in Bangkok, ‘The Central — The Flagship of the Future’
Central Pattana plc, Thailand's No. 1 sustainable real estate developer, introduces The Central — The Flagship of the Future, a world-class …
