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 Finance Minister Says No Immediate Plans To Transfer More Funds To PIF
DAVOS, SWITZERLAND – Saudi Arabia’s finance minister said on Monday there were no immediate plans to transfer more funds to the Public Investment Fund (PIF), the sovereign wealth fund at the centre of the kingdom’s plans to diversify its economy away from oil. The PIF manages over $600 billion in assets, a figure that has … More Saudi Finance Minister Says No Immediate Plans To Transfer More Funds To PIF
Security Guard Killed In Qatar Embassy In Paris
PARIS, France – A security guard was killed in the early hours of Monday Inside the Qatar Embassy in Paris in an incident that does not appear to have any links to terrorism, a source close to the investigation said. The incident took place at around 0630 (0430GMT), the source said, adding that the suspect … More Security Guard Killed In Qatar Embassy In Paris
Guardiola Becomes England’s Most Successful Foreign Manager
PARIS, France – Spaniard Pep Guardiola became the most successful foreign manager in English football, in terms of league titles won, when he clinched his fourth Premier League crown on Sunday. With his latest success, the Manchester City manager moved above Frenchman Arsene Wenger and Portuguese Jose Mourinho who both have three Premier League titles … More Guardiola Becomes England’s Most Successful Foreign Manager
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