Tag: earrings

It additionally refuted claims that it had mismanaged the disaster, stating that retailer closures have been “totally according to its legal obligations” and carried out to protect the safety of workers and clients. In its quarterly report, Tiffany & Co. administration confirms gross sales have fallen 45 per cent because of the influence of COVID-19, including an 85 per cent fall in Mainland China in February. The Tiffany & Co. board accepts LVMH’s offer, which values the company at $US135 per share, calling it “an thrilling Jewelery News path forward”. The acquisition is valued at $US16.2 billion – the biggest in LVMH’s historical past, eclipsing its $US13.1 billion acquisition of luxurious style house Christian Dior in 2017. And for LVMH, the record-breaking deal offered an opportunity to double the income of its smallest division – watches and jewellery – with a model aligned with its values of heritage, custom, and …