thank you so much, carlos tavares.s areh making purchases faster than the company can cut costs. ♪ nejra: this is "bloomberg daybreak: europe." lvmh customers are curbing purchases of high-end fashion faster than the company can cut costs. coronavirus hit the demand for luxury goods. joining us now is deborah aiken, a senior analyst from bloomberg intelligence. did we see all areas hit in terms of the followthrough into the profit? h: yes, if we look across, wasrange of revenue decline 23 to 39%. however, if we look at what in leather goods, they held up well in terms of the profitability contribution. the biggest issue was on selective retail, which houses the hospitality side, the , retail, that came through with extra loss. that had a big impact on the net line, 38% decline on the adjusted operating profit versus 20% decline on sales. nejra: what can we read across to other luxury names? deborah: as we were going into q2, the consensus was calling for 47% declines. 38%.has come out at we are looking at second-half r