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 … More BUSINESS | LVMH Tells Tiffany Employees To Return To Office In March
U.S. jeweler Tiffany & Co and French luxury goods giant LVMH are in talks to settle their dispute over $16 billion takeover at a price slightly lower than that initially agreed, sources familiar with the matter said on Tuesday. The negotiations were based on a price in the range of $131 – $134 for each … More BUSINESS | Tiffany And LVMH Could Patch Things Up With Cut-Price Deal
PARIS | FRANCE – LVMH said on Friday it had submitted its troubled takeover of Tiffany, which is now at the centre of a legal dispute between the two groups, for EU approval as it seeks to counter accusations that it deliberately stalled antitrust proceedings. The French group’s $16 billion acquisition of the U.S. jeweler … More BUSINESS | LVMH Submit Disputed Tiffany Takeover For EU Clearance
Luxury goods giant LVMH is ending its takeover deal of jewelry retailer Tiffany & Co., saying the French government had requested a delay to assess the threat of proposed U.S. Tariffs. Wednesday’s announcement came after the deal’s value had been eroded by wider industry troubles caused by the coronavirus pandemic. The Paris-based conglomerate said that … More BUSINESS | Luxury Goods Giant LVMH Cancels $14.5B Deal For Tiffany
PARIS – French luxury goods group LVMH’s board called a meeting in Paris to discuss its $16.2 – billion offer for Tiffany & Co amid a deteriorating situation in the U.S. market, fashion trade publication WWD reported on Tuesday, citing sources. Tiffany did not immediately respond to a request for comment and LVMH declined comment.
Six month after a New York federal court ordered Castco to pay up $25 million for using Tiffany & Co.’s name on non-Tiffany & Co. engagement rings, the famed New York – based jewelry company has asked the Second Circuit Court of Appeals to uphold the lower court’s decision. Tiffany & Co. – which describes … More FASHION | Tiffany & Co. Asks Appeals Court To Uphold Lower Court’s Decision, Despite Castco’s “False Narrative” & “Mischaracterizations”
Bucharest, Romania – Jeweller Tiffany has seen worldwide sales fall by 3% to $1billion in the first quarter, as it was hit by lower-spending tourists. Meanwhile like-for-like sales at the New York-based firm fell by 5%. The company also said it could hit by tariff increases on its U.S. exports to China, as part of … More Business | Tiffany Hit By Lower-Spending Tourists