The figure is eight times the amount originally estimated for the assessment work carried out by Crawford & Company Adjusters - and almost £20m more than the total so far awarded to those injured or bereaved as a result of Covid vaccines.
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The latest move follows another senior appointment in China last year. In April 2025, LVMH named Daniel DiCicco president and chief executive of Louis Vuitton Greater China, in what was widely seen as a push to strengthen local management. DiCicco previously held senior positions at Apple, Sony Music and Coach, bringing cross-industry and digital experience to the role.
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