LVMH Retools Perfume and Cosmetic Factories to Make Free Hand Sanitizer

Global luxury goods maker LVMH Moet Hennessy Louis Vuitton (OTC: LVMUY) began producing hand sanitizer on Monday at factories that typically produce perfume and cosmetics for brands such as Christian Dior and Givenchy.

LVMH, which also owns Sephora and Guerlain, says it will distribute the product to health authorities and hospitals free of charge. In a statement announcing the retooling, the conglomerate said, "LVMH will continue to honour this commitment for as long as necessary, in connection with the French health authorities."

Image source: Getty Images.

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Source Fool.com