The Strategist

French LVMH starts producing hand sanitizer

03/17/2020 - 09:15

Factories producing perfumes and cosmetics for the luxury holding LVMH will supply hand antiseptics due to the coronavirus. LVMH promises to produce 12 tons of antiseptics in the first week and stresses that the French authorities will receive products for free.

kentwang of Flickr
kentwang of Flickr
Holding LVMH, owned by the richest man in Europe Bernard Arnault started production of hand sanitizers from Monday, writes CNBC with reference to the company message. The task was set for the factories that now produce perfumes and cosmetics. In particular, LVMH includes the brands Christian Dior and Givenchy.

The holding will provide free antiseptics to the French authorities and the Paris Assistance Publique-Hôpitaux, Europe’s largest hospital network. “With this initiative, LVMH intends to help eliminate the risk associated with a shortage of products in France, as well as enable more people to take the right measures to protect themselves from the spread of the virus,” the holding said in a statement. LVMH plans to produce 12 tons of antiseptics in its first week, a spokeswoman for the holding told The New York Times.

According to Bloomberg, 5423 cases of infection with coronavirus and 127 deaths due to it have already been recorder in France. There are about 167,230 cases and 6494 deaths all over the world. The importance of hand washing with soap or the use of antiseptics is emphasized by the Federal Service for Supervision of Consumer Rights Protection and, for example, the US Centers for Disease Control and Prevention. American doctors recommend using an antiseptic with an alcohol content of at least 60%.