Lovisa (ASX:LOV) share price tumbles as pandemic grips UK

Australian fashion jewellery company Lovisa Holdings Ltd (ASX: LOV) will temporarily close its stores in the United Kingdom, after a national lockdown was ordered by British Prime Minister Boris Johnson.

The Lovisa share price has fallen 3.6% on the news to $11.20.

UK lockdown

In a short release to the market this morning, Lovisa said its 42 UK stores would be closed temporarily – effective immediately – with the timing for re-opening subject to further government advice.

The company says its other stores globally as well as its online business will remain open and trading.

This follows a British government announcement of a further lockdown in the UK in response to increasing COVID-19 cases.

The country has been gripped by a…