Lagardere first-quarter revenue slumps as pandemic hits travel retail

(Reuters) - French multimedia conglomerate Lagardere on Thursday reported a 12.5% fall in first-quarter revenue on a like-for-like basis as coronavirus-related travel restrictions and border closures hit its travel retail business.The publishing, travel retail and media group reported first-quarter revenue of 1.36 billion euros, with travel retail revenue falling 18.0% to 804 million euros and the Asia-Pacific region hardest-hit.It said it expected revenue from the travel retail division, which..