BUSINESS | LVMH Tells Tiffany Employees To Return To Office In March

MILAN – – A month after acquiring Tiffany & Co, French luxury goods giant LVMH told employees at the U.S. Jeweller to return to the office two days a week beginning March 1, the Wall Street Journal reported on Friday.

LVMH, which closed the $15.8 billion acquisition of Tiffany on Jan.7, had appointed the son of company founder Bernard Arnault in a new leadership team at the U.S. Jeweller.

Both LVMH and Tiffany did not immediately respond to a request for comment.

The Journal report, which cities people familiar with the situation, comes as COVID-19 cases in the United States have started to ease, but still remained much higher than pre – October levels.  

Saudi Energy Minister Sees Demand From Gas – To – Oil Switch At Up To 600,000 BPD

LONDON – Saudi Arabia’s Minister of Energy Prince Abdulaziz bin Salman said users switching from gas to oil could account for demand of 500,000 – 600,000 barrels per day (bpd), adding that the world was now waking up to shortages in the energy sector. Prince Andulaziz said the potential switch depended on how severe winter … More Saudi Energy Minister Sees Demand From Gas – To – Oil Switch At Up To 600,000 BPD

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