MILAN — Versace is the latest company to take concrete action to help contrast the coronavirus.
The Italian luxury company pledged Wednesday to donate 1 million renminbi, or $143,400, to the Chinese Red Cross Foundation to alleviate the shortage of medical supplies.
“My heart goes out to those affected by the coronavirus and their families,” said Donatella Versace, the brand’s chief creative officer. “We are sending our love and support and I urge everyone to help by donating to groups on the ground that assist those in need.”
Versace’s parent company Capri Holdings Ltd. on Wednesday said the virus is expected to reduce this quarter’s revenues by $100 million as the outbreak continues to spread.
As reported, a number of other luxury companies have made donations over the past two weeks.
LVMH Moët Hennessy Louis Vuitton has pledged 16 million renminbi, or $2.3 million, to the Chinese Red Cross Foundation to help alleviate the urgent medical supplies shortage in Wuhan. In addition, the luxury conglomerate said it would help to obtain and provide important medical supplies from France and throughout Europe via the foundation.
Kering also made a 7.5 million renminbi, or $1.08 million, donation on behalf of its 13 fashion and luxury brands to the
The Italian luxury company pledged Wednesday to donate 1 million renminbi, or $143,400, to the Chinese Red Cross Foundation to alleviate the shortage of medical supplies.
“My heart goes out to those affected by the coronavirus and their families,” said Donatella Versace, the brand’s chief creative officer. “We are sending our love and support and I urge everyone to help by donating to groups on the ground that assist those in need.”
Versace’s parent company Capri Holdings Ltd. on Wednesday said the virus is expected to reduce this quarter’s revenues by $100 million as the outbreak continues to spread.
As reported, a number of other luxury companies have made donations over the past two weeks.
LVMH Moët Hennessy Louis Vuitton has pledged 16 million renminbi, or $2.3 million, to the Chinese Red Cross Foundation to help alleviate the urgent medical supplies shortage in Wuhan. In addition, the luxury conglomerate said it would help to obtain and provide important medical supplies from France and throughout Europe via the foundation.
Kering also made a 7.5 million renminbi, or $1.08 million, donation on behalf of its 13 fashion and luxury brands to the
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