But despite the fact that many luxury brands will likely see millions wiped from their bottom line, numerous companies have stepped up to donate money to combat the spread of the pandemic and help those who have been affected. Here is a list of some of the most notable names and brands in luxury who have donated to the cause.LVMH gave 16 million renminbi to The Red Cross Society of China,
reported in January. Zhang also reported that LVMH has pledged to "obtain and provide" medical supplies. Richemont, the Swiss luxury conglomerate which owns Cartier, Van Cleef & Arpels, and Chloe, has pledged 10 million renminbi to combating COVID-19, as reported by Jonathan Ho of
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Does he pay his taxes?