Amid the coronavirus outbreak in Europe, French luxury giant LVMH has announced that its production facilities would start manufacturing large quantities of hydroalcoholic gel.
According to CNBC, the factories that produce perfume and makeup for brands like Christian Dior and Givenchy will be making hand sanitisers starting on Monday. These will be delivered free of charge to the French health authorities.
"Through this initiative, LVMH intends to help address the risk of a lack of product in France and enable a greater number of people to continue to take the right action to protect themselves from the spread of the virus," the company was quoted as saying in a statement.
"LVMH will continue to honour this commitment for as long as necessary, in connection with the French health authorities," it added.
This comes after 4,500 cases of coronavirus have been reported from France with the death toll rising up to 120.
The World Health Organisation (WHO) has declared that Europe has become the new 'epicentre' of the coronavirus pandemic.
Disclaimer: No Business Standard Journalist was involved in creation of this content
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app