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“At present, the company has insufficient visibility to provide an assessment of the full scope of COVID 19 impact, as the situation remains volatile,” the eyewear maker said in a statement.”During the second quarter, the company expects revenue to further decelerate with a material impact on profitability.”The company had projected in early March that sales would grow between 3% and 5% in 2020.EssilorLuxottica said it was implementing a contingency plan, including cost and cash control measures, putting on hold non crucial investment initiatives and adjusting global capacity to meet current demand.Article content “The optics business, and specifically lenses, is a very resilient business if your sight changes, you need new glasses or contacts,” he told France’s BFM Business TV, adding the group’s activity would be closely tied to stores re opening in countries such as Italy, Spain and France, where retailers have had to close as governments try and contain the pandemic.The company is also growing in e commerce.Sagnieres said EssilorLuxottica had a strong cash position, after starting the year with some 6 billion euros ($6.6 billion) on hand. The group could draw down on a further 4 billion euros if needed, he added.The company’s plants in France and Italy have shut temporarily, but the group said it was keeping production going thanks to factories in China that had now re opened and at smaller laboratories and workshops in other locations.EssilorLuxottica has yet to decide whether to scrap its dividend. Companies in France are coming under pressure from unions to forgo payments to shareholders during the coronavirus crisis.By clicking on the sign up button you consent to receive the above newsletter from Postmedia Network Inc.

Here are some of the key facts and benefits for employers, and the opportunities available for businesses to partner with Northumbria UniversityProvide employees with practical and relevant skills and knowledge that can be applied immediately in the workplace. Involve part time study, alongside continued work within the business. Develop core skills such as project management, problem solving and leadership, as well as more specific, subject related technical skills.

When I lived in New Cross Gate in Sarf Lund’n in 2004, pirate radio stations piped out the most exciting, psycho grime 24/7. Turning on the radio was a lucky dip where you always got lucky. Dizzee has gone flop (not pop, he’ll be back though), Wiley disappeared up his own Rolex and Skepta comes correct on his fourth album with the bruising percussion and spits in guv’na speak: “Try to assassinate me but they missed me, you can never blacklist me.” Skepta has more beef in Crime Riddim than a Kobe cow farm.