Business
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.
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