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Kendo incubator succumbs to COVID-19 slowdown.
June 30, 2020
By: Happi Staff
LVMH couldn't protect its new business development unit from the effects of the coronavirus. Kendo, the beauty incubator inside LVMH Moët Hennessy Louis Vuitton, laid off 10% of its staff this week. Kendo is the force behind many of the brands sold at Sephora. A source told Women's Wear Daily that approximately 50 employees were impacted. “In light of the COVID-19 health crisis and the resulting impact on business, Kendo made the difficult decision to reduce the size of certain te...
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