Italy's Moncler scraps dividend as virus hits first-quarter sales

MILAN (Reuters) - Italian luxury outwear maker Moncler scrapped a dividend payment on 2019 results after sales in the first quarter fell by 18% due to the global coronavirus emergency, it said on Wednesday.The health crisis first hit China - a major market for high-end wares - late last year before spreading elsewhere, and several European states including Italy and France as well as the United States have gone into lockdown to try to cope.After years of strong growth, which made the brand one..