Moncler scraps dividend as coronavirus 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 luxury fashion - 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.That has forced Moncler as well as rivals to shut..